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.
Among the sectors, Auto, IT, FMCG, and realty indices rose around 1%, while infrastructure, metal, oil & gas, and pharma sectors posted moderate gains of about 0.5%. PSU banks, media, and consumer durables indices declined 0.5% each.
Oil prices surged sharply after fresh Iran-US tensions, triggering volatility in global markets and weighing on Indian equities despite positive global cues and steady institutional flows.
Indian stock market on Thursday pared gains with the Sensex and Nifty traded mixed on Thursday amid profit booking by investors.
The Indian stock market rebounded strongly on Friday amid positive global cues.
Investors earned about Rs 6 lakh crore as the overall market capitalisation of BSE-listed firms rose to Rs 451 lakh crore from nearly Rs 445 lakh crore in the previous session.
