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 Sensex opened on a weak note, declining 156.83 points to 84,949.98, while the Nifty eased 47 points to 25,938.95.
At the close, the Sensex was down 31.46 points, or 0.04%, at 85,106.81, and the Nifty was down 46.20 points, or 0.18%, at 25,986.00.
At close, the Sensex was down 503.63 points or 0.59% at 85,138.27, and the Nifty was down 143.55 points or 0.55% at 26,032.20.
However, by the close, the Sensex was down 64.77 points, or 0.08 per cent, at 85,641.90, while the Nifty slipped 27.20 points, or 0.10 per cent, to settle at 26,175.75.
The Nifty 50 index opened at 26,237.45, gaining 21.90 points (0.08%), while the BSE Sensex opened at 85,791.55, up 71.17 points (0.08%).
