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.
The 30 stock S&P BSE Sensex closed 684.64 points or 1.20 per cent higher at 57,919.97 points against its previous day's close at 57,235.33 points. Earlier, the Sensex started the day sharply higher at 58,162.74 points and surged to a high of 58,435.12 points in the intra-day. The Sensex pared part of the gains due to profit-taking in the last hour of the trade. It touched a low of 57,848.23 points in the intra-day.
The 30 stock S&P BSE Sensex closed 390.58 points or 0.68 per cent down at 57,235.33 points against its previous day's close at 57,625.91 points. The Sensex started the day in the red at 57,512.74 points and it slumped to a low of 57,055.75 points in the intra-day. The Sensex touched a high of 57,568.14 points in the intra-day.
At 9.46 am, Rupee appreciated marginally from the previous day's close to trade at 82.288 per US dollar.
Among the Nifty 50 stocks, 41 declined and the rest 9 advanced this morning, National Stock Exchange data showed.
At 9.33 am, Sensex traded at 57,859.41 points, down 131.70 points or 0.23 per cent, whereas Nifty traded at 17,201.15 points, down 39.85 points or 0.23 per cent.
