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 down 511.38 points or 0.62% at 81,896.79, and the Nifty was down 140.50 points or 0.56% at 24,971.90.
In the Indian stock market, bulls were back in action as the benchmark indices snapped a three-day losing streak. This helped Nifty to comfortably close above the 25,100 mark amid buying across the sectors.
At close, the Sensex was down 82.79 points or 0.10% at 81,361.87, and the Nifty was down 18.80 points or 0.08% at 24,793.25.
Investors stayed cautious ahead of the US Federal Reserve's announcement later tonight and the ongoing tensions in the Middle East.
At close, the Sensex fell 212.85 points or 0.26% to 81,583.30, while the Nifty declined 93.10 points or 0.37% to 24,853.40.
