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, Sensex was down 636.24 points or 0.78% at 80,737.51, and the Nifty was down 174.10 points or 0.70% at 24,542.50.
Nifty 50 managed to close above 24,700 supported by buying in FMCG, PSU bank and realty stocks, however, selling in Metal and IT stocks checked the recovery.
At close, the Sensex was up 483.03 points or 0.59% at 81,795.35, and the Nifty was up 128.35 points or 0.52% at 24,880.80.
Sensex ended the day with a gain of 455 points, or 0.56%, at 82,176.45, while the Nifty 50 settled at 25,001.15, up 148 points, or 0.60%.
At close, Sensex was up 769.09 points or 0.95% at 81,721.08, and the Nifty was up 243.45 points or 0.99% at 24,853.15.
