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.
The domestic benchmark indices extended their winning streak to the fifth consecutive session on Tuesday, opening with some moderate gains. However they trimmed early wins to trade a tad lower.
At close, the Sensex was up 256.22 points or 0.31% at 82,445.21, and the Nifty was up 100.15 points or 0.4% at 25,103.20. Nifty Midcap index added 1% and Smallcap index rose 1.2%.
The Indian stock market witnessed strong positive momentum this week, helping nine of the country’s ten most valued companies collectively add Rs 1,00,850.96 crore to their market capitalisation.
At close, the Sensex was up 746.95 points or 0.92% at 82,188.99, and the Nifty was up 252.15 points or 1.02% at 25,003.05.
At close, Sensex was up 443.79 points or 0.55% at 81,442.04, and the Nifty was up 130.70 points or 0.53% at 24,750.90.
