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.
At the close, the Sensex ended 350.81 points, or 0.47% higher at 74,227.63 while the Nifty 80 points or 0.36% at 22,514.70.
At the time of close, the Sensex was down 27.09 points, or 0.04%, at 73,876.82, while the Nifty was down 18.6 points, or 0.08%, at 22,434.70.
In a sector-wise analysis, the realty, metal, oil and gas, media, power and auto were up 1-2%, while the information technology and telecom indices were down 0.5% each.
Sensex is up more than 400 points in trade on Monday led by metal stocks.
Sensex was up 655.04 points or 0.90% at 73,651.35, and the Nifty was up 203.20 points or 0.92% at 22,326.90.
