Stock market LIVE updates on April 16: After starting lower equity markets amid escalation in the Iran-Israel war, the benchmark indices were off lows in intraday deals lifted by Maruti Suzuki, M&M, Nestle India, and Titan Company. The S&P BSE Sensex index was now quoting 350 points, or 0.5 per cent, lower at 73,033 levels, while the Nifty50 was near 22,200. LTIMindtree, NTPC, Infosys, TCS, Bajaj Finance, Tech M, IndusInd Bank, Axis Bank, Apollo Hospitals, and HCL Tech weighed on the benchmarks as they fell in the range of 1 per cent to 3 per cent.

In the broader markets, the BSE MidCap and Smallcap indices were ruling 0.15 per cent and 0.6 per cent higher, respectively. With this, the volatility gauge, India VIX, edged 2 per cent higher.

The m-cap of all the BSE listed companies, too, came down to Rs 392 trillion from a record level of Rs 402 trillion hit earlier in April.  Among sectors, only the Nifty Media, and Auto were slightly higher, while all other indices were in the negative zone.