Stock market today, May 7 -- The domestic benchmark indices, the Nifty 50 and BSE Sensex, traded largely flat on Thursday, 7 May, as easing crude oil prices helped offset profit-taking following the sharp rally in the previous session.

As of 13:52 IST, the Nifty 50 was up 0.07% at 24,355 . 8, while the Sensex edged 0.04% higher to 78,009.74.

Both benchmark indices had surged around 1.2% each in the previous session and fluctuated between gains of 0.4% and losses of 0.2% in early trade on Thursday.

Asian markets also traded higher amid reports that the US and Iran were moving toward a potential agreement to end the conflict, triggering a sharp correction in global crude oil prices.

Brent crude, which had declined 7.8% in the previous s...