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 rally in the domestic market was after the US Federal Reserve maintained its projection of three rate cuts this year, boosting investor sentiment.
The BSE Sensex on Thursday climbed 743.95 points or 1.03 per cent to 72,845.64 in early trade.
In the global market, the US stock index futures ticked lower as investors awaited the conclusion of the Federal Reserve's meeting.
Sensex closed down 1.01% at 72,012.05, and the Nifty was down 1.08% at 21,817.50.
Sensex fell more than 500 points on Tuesday as the markets await commentary from the US Federal Reserve.
