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.
Benchmark indices failed to build on the opening gains to end marginally higher on Wednesday in the highly volatile market.
At close, the Sensex was down 1,281.68 points or 1.55% at 81,148.22, and the Nifty was down 346.35 points or 1.39% at 24,578.35. The BSE Midcap index ended flat, while Smallcap index added one percent.
At close, Sensex was up 2,975.43 points or 3.74% at 82,429.90, and the Nifty 50 was up 916.70 points or 3.82% at 24,924.70.
The domestic indices surged on Monday with Sensex jumping over 1,900 points in the morning trade, as India-Pakistan tensions eased with ‘Operation Sindoor’ marking a significant demonstration of India’s military and strategic prowess.
The Indian stock market will monitor the geopolitical developments this week after India and Pakistan reached an understanding to stop military actions.
