Stock Markets have gone through huge losses on Wednesday. Fitch has downgraded US rating from AAA to AA+. This means US financial bonds and financial status will have doubts going around. International Stock Markets have faced losses due to this update. Traders in Indian Markets have also decided to be cautious and went on an over-drive of selling their stocks. Stock Markets have faced huge losses on Wednesday as a result. BSE lost 676.53 points to close at 65,782.78 and Nifty lost 207.00 points to close at 19,526.55 mark.
BSE Sensex of Stock Markets started trading at 66,064.41 mark and then continued to trade between 65,431.68 to 66,261.97 range. The index started low and continued to trade in red all-day. BSE ended the trading session at 65,782.78 by losing 676.53 points. Nifty Sensex of Stock Markets started trading at 19,655.40 mark and it hit highest for the day at 19,678.25. Nifty50 hit the lowest at 19,423.55. Index started low and continued to trade through lowest of lows. Nifty50 ended by losing 207.00 points on 19,526.55.
Indian Rupee traded at Rs.82.58 against US Dollar on Wednesday. BSE has lost more than 1000 points at one point. Experts have stated that Fitch Rating would not be able to effect US for long. Stock Markets have seen some recovery after this analysis has come out. Experts indicate that US financial status is “stable” and not an issue to worry. So, Stock Markets should see some recovery in coming days.
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