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.
Sensex closed 109 points, or 0.14%, lower at 80,039.80, while the Nifty 50 ended at 24,406.10, down 7 points, or 0.03%.
A day after the presentation of the Union Budget, the Sensex closed at 80,148.88, down 280.16 points or 0.35% while the Nifty was down 65.50 points or 0.27% at 24,413.50.
Indian Benchmark indices opened in negative territory as the Union budget proved to be a non-event to the market participants.
At close, the Sensex was down 73.04 points or 0.09 per cent at 80,429.04, and the Nifty was down 30.20 points or 0.12 per cent at 24,479.
The Sensex was down 676.51 points or 0.84% at 79,825.57 while the Nifty was down 234.50 points or 0.96% at 24,274.80 at noon.
