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 up 259.75 points or 0.32 per cent at 80,501.99, and the Nifty was up 12.50 points or 0.05 per cent at 24,346.70.
At close, the Sensex slipped 0.06%, or 46.14 points, to settle at 80,242.24, while the Nifty edged lower by 0.01%, or 1.75 points, to end at 24,334.20.
At close, the Sensex rose 70.01 points or 0.09% to 80,288.38, while the Nifty edged up 7.45 points or 0.03% to settle at 24,335.95.
The domestic benchmark indices opened higher on Tuesday amid positive cues from global markets, as buying was seen in the PSU bank, auto and IT sectors in the early trade.
At close, Sensex was up 1,005.84 points or 1.27% at 80,218.37 while Nifty was up 289.15 points or 1.20% at 24,328.50.
