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.
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.
The Indian Stock Market on Monday rallied sharply supported by a steep fall in crude oil prices.
The Indian equity markets posted mild gains early on Friday tracking positive global cues, over optimism regarding US-Iran peace negotiations.
The recent Gulf War has unsettled global energy markets, disrupted shipping routes, and shaken investor confidence.
Indian stock markets staged a sharp recovery to close in the green after falling as much as 1.3 per cent on an intraday basis.
At the time of writing this report, Sensex traded at 61,519.68 points, up 100.72 points or 0.16 per cent, whereas Nifty traded at 18,275.75 points, up 31.55 points or 0.17 per cent. On Tuesday, the markets started on a sluggish note, however, indices recovered to end with smart gains, mainly aided by a recovery in European markets.
Sensex traded at 61,235.72 points, up 90.88 points or 0.15 per cent, whereas Nifty traded at 18,180.70 points, up 20.75 points or 0.11 per cent.
The rupee has relatively strengthened in most of the recent sessions against the global benchmark dollar as the US dollar index has weakened substantially.
Nifty traded at 18,160.45 points, down 147.20 points or 0.80%, the Sensex traded at 61,172.36 points, down 491.12 points or 0.80%.
Sensex was trading at 61,771.83 in the opening session, up barely 21.23 points or 0.034 percent,
