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.
However, buying in PSU Bank, IT, and media helped Nifty to close above 25,500.
The stock market on Friday was on track to wrap up the week with strong gains. It was driven by renewed strength in oil and gas, metal, and auto stocks.
Notably, the market opened higher but saw extended buying as the session progressed. It was supported by heavyweight names and shares of metal, banking and oil & gas pack, with Nifty Bank ending at a record high.
The stock market extended its gains for the second consecutive day on Wednesday, with the Nifty crossing 25,200. The development comes amid positive cues with a fall in crude prices on tentative Iran-Israel ceasefire.
The stock market witnessed a volatile trading session on Tuesday as after a roller coaster activity, the Nifty ended 72 points higher, while the Sensex was up by 158 points.
