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.
During the session, Sensex crashed 679 points, or 0.82%, to an intraday low of 82,047, while the Nifty dropped 0.80% to a day's low of 25,018.70.
At the close, the Sensex rose by 539.83 points, or 0.66%, to end at 82,726.64, while the Nifty 50 gained 159 points, or 0.63%, to settle at 25,219.90.
The stock market on Tuesday ended on a flat note after failing to hold on to early gains. Nifty 50 finished below 25,100 on across-the-board selling.
Stock market on Monday snapped a two-day fall with Nifty closing above 25,000 in a volatile session.
At close, the Sensex was down 501.51 points, or 0.61 per cent, at 81,757.73, and the Nifty was down 143.05 points, or 0.57 per cent, at 24,968.40.
