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 down 387.73 points, or 0.47 per cent at 82,626.23, and the Nifty was down 96.55 points, or 0.38 per cent at 25,327.05.
Sensex closed 320 points, or 0.39%, up at 83,013.96, while the Nifty 50 ended the day at 25,423.60, up 93 points, or 0.37%. The BSE Midcap index rose 0.36 per cent, while the Smallcap index ended flat.
The overall market capitalisation of BSE-listed firms rose to nearly Rs 463 lakh crore from Rs 460 lakh crore in the previous session.
At close, the Sensex was up 355.97 points, or 0.44%, at 81,904.70, and the Nifty 50 was up 108.50 points, or 0.43%, at 25,114.00. The BSE Midcap and Smallcap indices closed with marginal gains.
At close, the Sensex ended with a gain of 124 points, or 0.15%, at 81,548.73, while the Nifty 50 settled at 25,005.50, up 32 points, or 0.13%.
