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.
On Nifty, Adani Ports & Special Economic Zone (6.30%), Bharat Electronics (3.17%), Trent (2.64%), NTPC (2.12%), Adani Enterprises (11.50%) remained the top gainers.
At close, the Sensex was down 105.79 points or 0.13 per cent at 80,004.06, and the Nifty was down 27.40 points or 0.11 per cent at 24,194.50.
Sensex and Nifty sharply advanced in the morning trade on Monday on the back of Maharashtra assembly election.
At close, the Sensex was up 1,961.32 points or 2.54% at 79,117.11, and the Nifty was up 557.35 points or 2.39% at 23,907.25.
The Indian stock market, which saw a super rally on Tuesday, lost the steam towards the end amid heavy profit-booking, as fresh tensions between Ukraine and Russia came to light.
