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 mid and small-cap indices dropped 1% each amid lack of directional cues and dashed hopes of an early rate cut by the Reserve Bank of India.
Sensex closed 34.09 points or 0.05% higher at 72,152, and the Nifty shut shop 1.10 points or 0.01% up at 21,930. About 1,927 shares advanced, 1,329 declined, and 75 remained unchanged.
In the broader markets, the BSE MidCap and SmallCap indices advanced 1 per cent and 1.23 per cent , respectively.
Markets pared morning gains after the presentation of Interim Budget on Thursday.
At close, the Sensex was up 1,240.90 points or 1.76 per cent at 71,941.57, and the Nifty was up 385.00 points or 1.80 per cent at 21,737.60.
