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 down 73.48 points or 0.09 per cent at 81,151.27, and the Nifty was down 112.50 points or 0.45 per cent at 24,741.50.
The BSE Sensex closed 218.14 points higher to 81,224.75 on October 18 while NSE Nifty rose 104.20 points to 24,854.05.
The Sensex was trading at 80,752.18 after slipping 254.43 points or 0.31 per cent. At the same time, the Nifty opened trading at 24,675.30 after falling 74.55 points or 0.3 per cent.
Benchmark indices extended the losses on the third consecutive session amid selling across sectors barring Information Technology. At close, the Sensex was down 494.75 points or 0.61% at 81,006.61, and the Nifty was down 221.50 points or 0.89% at 24,749.80.
At close, the Sensex was down 318.76 points, or 0.39%, at 81,501.36, while the Nifty fell 86 points, or 0.34%, to 24,971.30.
