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.
On paper, the Finance Minister has adhered to a fiscally conservative script, protected capital expenditure at a record Rs 12.2 lakh crore, and provided targeted incentives across manufacturing, biopharma, container production, textiles, and MSMEs—clearly indicating its intent to rebuild India's industrial base amid global supply-chain realignment.
Among the sectors, Nifty Metal losses by 5.21%, IT down by 1.03%, Private Bank down by 0.63%, Oil & Gas down by 0.53%, Nifty Bank fell by 0.58%, while the Financial Services index ended 0.65% lower.
The BSE 150 Midcap index inched up by 0.10%, while the BSE 250 Smallcap index slipped 0.19%.
At the close, the Sensex rose 487.20 points, or 0.60 per cent, to settle at 82,344.68, while the Nifty gained 167.35 points, or 0.66 per cent, to end at 25,342.75.
At the close, the Sensex rose 319.78 points, or 0.39%, to 81,857.48, while the Nifty gained 126.75 points, or 0.51%, to 25,175.40.
