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.
The Life Insurance Corporation of India (LIC) emerged as the biggest gainer, in-line with positive trend in equities.
Sensex opened higher at 76,912.38, and pared some of its gains to close at 76,992.77, up 181.87 points, or 0.24%. The index touched an intraday high of 77,081.30.
Sensex opened at a record high of 77,102.05, and pared some gains to close at 76,810.90, up 204.33 points, or 0.27 per cent. The index surged to create a fresh all-time high of 77,145.46.
Sensex opened at 76,680.90 and closed at 76,456.59 falling prey to profit booking. The index rose about 370 points to hit its intraday high of 76,860.53.
Investors are awaiting the release of US inflation data and the Federal Reserve’s policy meeting.
