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 close, the Sensex was down 270.84 points or 0.33% at 81,909.63, and the Nifty was down 75 points or 0.30% at 25,157.50.
At close, the Sensex was down 1065.78 points or 1.28% at 82,180.47, and the Nifty was down 353 points or 1.38% at 25,232.50.
SBI's market valuation jumped Rs 39,045.51 crore to Rs 9,62,107.27 crore, becoming the biggest gainer, while Infosys surged Rs 31,014.59 crore to Rs 7,01,889.59 crore.
At the close, the Sensex was up 188 points, or 0.23%, at 83,570.35, while the Nifty 50 settled at 25,694.35, up 29 points, or 0.11%.
The mid and small-cap segments also outperformed as the BSE Midcap and Smallcap indices closed the day 0.16% and 0.25% higher, respectively.
