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 close, the Sensex was up 513.45 points or 0.61% at 85,186.47, while the Nifty was up 142.60 points or 0.55% at 26,052.65.
At close, the Sensex was up 388.17 points or 0.46% at 84,950.95, and the Nifty was up 103.40 points or 0.40% at 26,013.45.
The BSE Midcap index slipped by 0.03%, while the Smallcap index rose by 0.06%. For the week, the Sensex and the Nifty 50 rose by 1.6% each, snapping their two-week losing run.
At close, the Sensex was up 12.16 points or 0.01% at 84,478.67, and the Nifty was up 3.35 points or 0.01% at 25,879.15.
The Indian benchmark indices opened in mild red zone on Thursday, amid mixed global cues and persistent selling by foreign…
