Stock Market ends in the red; Sensex loses 500 points
The Indian stock market ended in the red on Tuesday, with the Nifty falling below the 23,900-mark and the Sensex dropping nearly 500 points.
Key Indian equity indices traded on a flat-to-negative note during the early morning trade session on Tuesday, as rising geo-political tensions in the Korean Peninsula dented investors’ risk-taking appetite.
According to market observers, broadly negative Asian indices and subdued domestic growth outlook too dragged the key indices lower.
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At 9.50 a.m., the 30-scrip Sensitive Index (Sensex), traded 23 points or 0.07 per cent lower.
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The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading at 5.50 points or 0.06 per cent lower at 9,867.10 points.
The Sensex of the BSE, which opened at 31,685.81 points, traded at 31,603.66 points (at 9.50 a.m.), lower 22.97 points or 0.07 per cent from the previous day’s close at 31,626.63 points.
The Sensex touched a high of 31,693.59 points and a low of 31,567.51 points in the trade so far.
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