Stock market today, May 13 -- The GIFT Nifty is signalling a muted start for the Indian stock market on Thursday, 13 May. As of 8:04 AM, GIFT Nifty was trading around 23,431, at a premium of 6.3 points over the previous close of Nifty futures at 23,424.70.

Equity benchmark indices declined for the fourth straight session on Tuesday, with both the Sensex and Nifty 50 dropping nearly 2%, as rising crude oil prices and uncertainty over the West Asia conflict unsettled market confidence.

Continuous outflows of foreign funds and the rupee falling to an all-time low also affected investor sentiment.

In the midst of a broad sell-off, the 30-share BSE Sensex plummeted by 1,456.04 points, or 1.92%, closing at 74,559.24. At one point during the ...