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.
A final trade deal with the US, more capex announcements, acceleration in loans, uniform improvement in high frequency data, and improving trade with China were cited as the likely triggers for the possible massive growth, it said.
At close, the Sensex was down 296.28 points, or 0.36%, at 81,185.58, and the Nifty fell 86.70 points, or 0.35%, to 24,768.35. The BSE Midcap and Smallcap indices shed 0.7% each, underperforming the main indices.
The Indian frontline equity indices opened in the red on Thursday after US President Donald Trump announced to slap a steep 25 per cent tariff on imports from the country.
Reliance Industries took the biggest hit, in-line with a bearish trend in equities.
At close, the Sensex was down 721 points, or 0.88%, at 81,463.09, while the Nifty 50 settled 225 points, or 0.90%, lower at 24,837.
