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 constituents which are dragging the benchmark include Sun Pharma down 3.5 per cent.
Sensex was up 354.45 points, or 0.47%, at 75,038.15, and the Nifty was up 111 points, or 0.49%, at 22,753.80.
Sensex opened the day at 75,124.28 against its previous close of 74,742.50 and hit its fresh record high of 75,124.28, while the Nifty 50 opened at 22,765.10 against the previous close of 22,666.30 and touched its fresh record high of 22,768.40.
This is for the first time ever that the market capitalisation of BSE-listed companies has gone past the coveted Rs 400 trillion mark.
Sensex was up 20.59 points or 0.03% at 74,248.22, and the Nifty was up 10.80 points or 0.05% at 22,525.50.
