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 595.19 points or 0.71% at 84,466.51, and the Nifty was up 180.85 points or 0.70% at 25,875.80.
At the close, the Sensex gained 335.97 points, or 0.40%, to settle at 83,871.32, while the Nifty rose 120.6 points, or 0.47%, to end at 25,694.95.
At close, the Sensex was down 94.73 points, or 0.11%, at 83,216.28, and the Nifty shed 17.40 points, or 0.07%, at 25,492.30.
The final hour selling pressure dragged the Nifty below 25,500 before closing near the day's low amid selling across sectors.
Morgan Stanley highlighted that in a bull-case scenario (attaching a 30 per cent probability), Morgan Stanley sees the Sensex hitting the 100,000 mark by June 2026.
