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 up 654 points or 0.9 per cent at 76,555 and Nifty was up 206 points or 0.9 per cent at 23,163.
The stock market on Tuesday snapped two-day losing streak and gained 0.5 per cent supported by auto, realty and financials after the RBI announced liquidity-boosting measures.
At close, Sensex was down 824 points or 1 per cent at 75,366, and the Nifty was down 275 points or 1.2 per cent at 22,817.
At the close, the Sensex rose 566 points (0.75%) to 76,404, while the Nifty gained 130 points (0.57%) to finish at 23,155. Market breadth remained weak, with 1,110 stocks advancing, 2,677 declining, and 107 remaining unchanged.
Stock market tumbled on Tuesday, declining over 1% as investor sentiment took a hit from multiple global and domestic triggers.
