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.
Among the sectors, barring Nifty PSU Bank, all sectoral indices ended higher.
Sensex closed up by 328.48 points or 0.45 per cent at 73104.61, while the Nifty surged by 118.55 points or 0.51 per cent to reach 22,217.85.
Nifty 50 opened 27 points lower at 22,027.95 compared to its previous close of 22,055.20 and extended losses to as much as 234 points, or over 1%, reaching the intraday low of 21,821.05.
Sensex and Nifty 50 rebounded into positive territory, with the Sensex closing 260 points, or 0.36%, higher at 72,664.47, and the Nifty 50 finishing 98 points, or 0.44%, up at 22,055.20.
The Nifty has also nosedived nearly 850 points, from 22,794 points to 21,957 points, in the last five trading sessions.
