New Delhi, May 13 -- Stock market benchmarks- the Sensex and the Nifty 50- swung between gains and losses in intraday trade on Wednesday, 13 May, amid mixed global cues and a decline in crude oil prices, even as talks between the US and Iran remain stalled.

The Sensex swung more than 800 points during the session, while the Nifty 50 touched an intraday high and low of 23,510 and 23,263, respectively, till 11:45 am.

"The market has been discounting an early resolution to the West Asia crisis and decline in the price of crude. Now, this appears difficult. Consequently, India's macros are taking a hit. The downside risk to India's growth and upside risk to inflation have increased. This has negative implications for markets," said VK Vijay...