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.
Maruti, Bharti Airtel, Reliance, Titan, Ultra Cement, HUL and Tata Steel whereas IndusInd Bank, Wipro, Infosys, Asian Paints, Mahindra, HDFC, NTPC, Kotak Bank, SBI were among the laggards on the 30-share index.
The 30-stock S&P BSE Sensex surged 1,016.96 points or 1.80 per cent to 57,426.92 points against its previous day's close at 56,409.96 points. The Sensex started the day in the red at 56,240.15 points and slumped to a low of 56,147.23 points in the early morning trade.
Indian markets on Friday were volatile and in negative territory during the morning trade. At 9.25 IST, the 30-share Sensex fell 0.33 per cent to 56,224 while the Nifty was down 0.31 per cent to 16,786, as market participants track global cues and wait for RBI announcements.
The benchmark indices on Indian equity markets closed flat on Thursday, due to the selling pressure prevalent in global markets. The S&P BSE ended 0.33 per cent lower at 56,409 level, 188 points down from the previous session while Nifty50 closed at 16,818, down 41 points.
Some of the gainers in the early trade are Tata Chemicals, Century Enka, Forbes, Aptech and Sreeleathers
