Indian Stock Markets have been under huge pressure due to the low trading in US and UK markets. Also, Oil barrel costs are again on the raise. Asian Stock Markets volatility is also adding to the Indian Stock Markets losses. After being able to come out with marginal losses in the last week, this Monday, the BSE and Nifty markets collapsed at a point scaring traders.
Stock Markets like BSE opened very low in the morning and continued to trade below the expectations from the beginning. At one point BSE lost 800 points and recovered as traders started buying stocks at low prices. BSE started trading at 57,424.07 and hit lowest for the day at 57,365.68. Then it ended the session at 57,991.11 with 200 points loss from previous closing. Nifty started trading session at 17,094.35 and then hit the lowest at 17,064.70 and ended the session at 17,241 mark, with a loss of 73.65 points.
Stock Markets going through high volatility did not help Indian Rupee to recover from US Dollar and it traded at Rs.82.69 at one stage and ended the trading day at Rs.82.32 value. Well, for Indian Stock Markets to recover they need Russia-Ukraine and European markets situation to improve, helping crude oil rates to drastically come down. Also, Foreign Investors should be invited more into Indian domestic circuit too.
As Business world increases stress read about Shreyas Iyer scoring century to help India win against SA.