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Market Highlights: Equity benchmarks Sensex, Nifty closed on Wednesday with recovery from the early jolt. Sensex limited its loss in early trade to 50 points and ended the day at 40817.74. Nifty rose through the day and finished at 12025.35 on closing. An overnight missile attack by Iran on the US military base in Iraq created jitters in the global market and it did not spare Indian stock markets either. Equity benchmarks Sensex, Nifty had recovered on Tuesday from the Monday mayhem created by the geopolitical onslaught in west Asia. Markets stabilized on Tuesday as Iran showed restraint and the situation didn’t escalate for a day. Wall Street witnessed dip while Japan’s Nikkei as well is trading in the red zone and the trend gets consolidated in India. Brent crude futures rose with rising tensions in the middle east as it is trading at $1.56 or 2.3% high to $69.83 after earlier rising to $71.75, the highest since mid-September 2019. Narendra Modi-led government’s cabinet, in yet another push for ‘Make in India’, passed an ordinance to remove the end-use restrictions on private coal mining to boost domestic production and curb coal imports. The ordinance will enable private companies for commercial mining of coal by . The cabinet has also allocated adequate coal blocks to Coal India Limited and has asked it to ramp up its production to 1 billion tonnes by FY24. We bring you live updates:
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