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.
In the opening trade, Sensex rose over 650 points and Nifty traded above the 24,900 level.
At close, Sensex ended with a gain of 410 points, or 0.51%, at 80,567.71, while the Nifty 50 rose 135 points, or 0.55%, to settle at 24,715.05.
At the close, the Sensex settled at 80,157.88, down 207 points or 0.26%, while the Nifty 50 ended 45 points lower, or 0.18%, at 24,579.60.
At close, Sensex gained 555 points, or 0.70 per cent, at 80,364.49, while the Nifty 50 ended the day at 24,625.05, up 198 points, or 0.81 per cent.
The market traded in positive territory for most of the session despite a negative start. However, amid final-hour selling pressure, the indices ended near the day's low.
