Indian Stock Markets have undergone bloodbath and slowly, the recovery path is being laid. With the situations growing uncertain across Europe and US Stock Exchanges reporting more losses, downtrend, it would be hoping against the hope to see Stock Markets growing at full swing. It seems like the uptrend and downtrend will continue for few more weeks or months. Stock Markets, for past two sessions have shown recovery from absolute bloodbath.
BSE Stock Market started positively high from the previous closing at 58,314.05 mark and then continued to hit 58,578.76. But then it saw a downtrend still ended 156.63 points over previous closing at 58,222.10 mark. Nifty Stock Market started trading at 17,379.25 and then hit the maximum for the day at 17,428.80. Nifty ended the session at 17,331.80, 57.50 points above previous closing.
Indian Rupee traded at Rs.81.90 against US Dollar. Few financial institutions shares lost value while some major banks saw increase. As, we said earlier, Stock Markets have been highly volatile and it is hard to predict how the trading would go in next few sessions.