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.
Broadly negative Asian markets and profit bookings depressed the key Indian equity indices during the early morning trade session on Tuesday.
According to market observers, heavy selling pressure was witnessed in oil and gas, metals and capital goods stocks.
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At 9.25 a.m., the 30-scrip Sensitive Index (Sensex) was down by over 30 points or 0.09 per cent.
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The wider 51-scrip Nifty of the National Stock Exchange (NSE) traded lower by 10.35 points or 0.10 per cent at 10,389.20 points.
The BSE Sensex, which opened at 33,726.65 points, traded at 33,693.32 points (at 9.25 a.m.) in the early session, lower by 31.22 points or 0.09 per cent from Monday’s close at 33,724.44 points.
The Sensex touched a high of 33,742.04 points and a low of 33,639.32 points in the trade so far.
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