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.
BSE Midcap and smallcap indices rose 3% each. India VIX, the measure of volatility in the market, ended the session 19% lower.
Benchmark indices rose nearly 2% on Friday amid buying across the sectors after US President Donald Trump put a 90-day pause on reciprocal tariffs.
Stock Market staged a strong rebound, snapping a three-day losing streak with Nifty 50 closing above 22,500 as across-the-board buying revived sentiment, in-line with the rally across Asian markets and Europe.
At close, the Sensex was down 2,226.79 points or 2.95% at 73,137.90, and the Nifty was down 742.85 points or 3.24% at 22,161.60.
It was a total bloodbath on Dalal Street as the Nifty 50 tanked 906.95 points, or 3.96 per cent at 21,997.50, while the Sensex nosedived 2,792.89 points, or 3.71per cent at 72,571.80 at 11:30 am.
