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.
Tata Motors, Hindalco, ONGC, JSW Steel, and Tata Steel were among the Nifty 50's gainers during the morning trade, while Sun Pharma, Cipla, and Dr. Reddy were among the losers.
Adani Enterprises, Mahindra, Hindalco, HDFC Bank, and Tata Motors were among the Nifty's most active stocks, while Dr. Reddy, Bharti Airtel, Bajaj Auto, Cipla, and SBI Life were among the index's laggards.
At 9.30 am on Friday, the S&P BSE Sensex was down 376 points at 60,450, while the NSE Nifty was down 115 points at 17,995.45.
On the index Nifty 50, Apollo Hospital, HCL Tech, UPL, HDFC Life and Hindalco were in the green while Dr Reddy's, Bharti Airtel and L and T were some of the stocks which were trading in negative.
On Monday, domestic stock markets settled with decent gains. The Nifty 50 index opened at 18,288.10 and marched higher as the session progressed to settle above the 18,400 level.
