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 323.83 points, or 0.40%, at 81,425.15, while the Nifty was up 104.5 points, or 0.42%, at 24,973.10.
The overall market capitalisation of firms listed on the BSE rose to nearly Rs 454 lakh crore from Rs 453 lakh crore in the previous session.
The Sensex rose 76.54 points, or 0.09%, to settle at 80,787.30, while the Nifty ended 32.15 points, or 0.13%, higher at 24,773.15.
At close, the Sensex was down 7.25 points, or 0.01%, at 80,710.76, while the Nifty gained 6.70 points, or 0.03%, to end at 24,741. Both BSE Midcap and Smallcap indices finished flat.
At close, the Sensex was up 150.30 or 0.19% at 80,718.01 and the Nifty was up 19.25 points or 0.08% at 24,734.30. BSE Midcap and smallcap indices shed 0.6% each.
