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.
Nifty 50 rose by 0.23%, reaching a fresh all-time high of 26,277 during the trade while Sensex hit a new peak of 85,978.
At close, the Sensex was up 666.25 points, or 0.78%, at 85,836.12, and the Nifty was up 211.80 points, or 0.81%, at 26,216.
Nifty 50 surged by 0.35%, reaching a fresh record high of 26,032 points in trade before closing with a gain of 0.25% at 26,004 points. The Sensex reached a new all-time high of 85,247 points, rising by 0.34%.
Domestic equities crossed another milestone with Sensex crossing above 85,000 and Nifty crossing 26,000, reflecting robust buying across sectors.
On BSE, Zomato, Apollo Hospitals, Bajaj Auto, Hero MotoCorp, DMart, Hindalco, Indian Hotels Company, Max Healthcare Institute, Tata Power Company, Trent, TVS Motor Company and United Spirits rose to their new one-year highs during the session.
