Stock market today, Aug. 12 -- The Indian stock market ended sharply lower on Tuesday, August 11, as investors resorted to profit-booking amid rising oil prices and persistent uncertainty over the reopening of the Strait of Hormuz and the prospects of a US-Iran agreement. The Sensex fell 388 points, or 0.49%, to close at 78,154.25, while the Nifty 50 declined 112 points, or 0.46%, to settle at 24,471.70.

The market is likely to open flat as trends in the Gift Nifty index signalled a muted opening on Wednesday, 12 August. Gift Nifty was trading near the 24,546.50 mark, up over 6 points from the previous close of Nifty futures.

"Indian equity markets are expected to trade with a cautious undertone as persistent uncertainty surrounding the...