Stock market today, March 16 -- The main domestic stock indices, Nifty 50 and Sensex, experienced gains on Monday, March 16, recovering after enduring their most challenging week in years, although investors remained cautious about crude oil prices staying above $100 a barrel due to the ongoing conflict in the Middle East.

As of 12:41 IST, the Nifty 50 increased by 13.75 points to reach 23,161 . 35, while the BSE Sensex climbed by 85.98 points to 74,652.58. These benchmark indexes have lost almost 8% this month as a result of the US-Israeli conflict regarding Iran, which resulted in the closure of the Strait of Hormuz-an essential route for global oil and gas transport.

Brent crude priced itself around $104 a barrel, while US President ...