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.
Market opened at fresh highs with Nifty and Sensex crossing 24,300 and 80,000, respectively, for the first time.
Bank Nifty opened in green territory with an increase of 704 points or 1.35 per cent at 52 872.30 whereas the Nifty Midcap opened at 56149.90, an up of 295.20 or 0.53 per cent increase.
India has taken a significant stride towards achieving self-reliance in defence with the development of a new explosive more potent than Trinitrotoluene (TNT).
At close, the Sensex was up 0.56% at 79,476 and the Nifty was up 0.55% at 24,142.
Sensex opened at a record high of 77,543.22, and closed at 77,337.59, up 36.45 points, or 0.05 per cent.
