Stock Markets Update: BSE terrifies but recovers

This has effected trading in Indian Markets too. BSE lost 69.68 points to close at 60,836.41 and Nifty lost 30.15 points to close at 18,052.70 mark.

Indian Stock Markets fall again
Indian Stock Markets fall again

Stock Markets on 3rd November started on a terrifying low note and performed better to recover slightly from heavy losses, throughout the session. US Federal Reserve has increased the repo rate by 75 basis points and indicated that it will do the same until inflation comes under control. This has effected trading in Indian Markets too. BSE lost 69.68 points to close at 60,836.41 and Nifty lost 30.15 points to close at 18,052.70 mark.

BSE Sensex of Stock Markets started trading at 60,511.57 mark and then continued to trade between 60,485.14 to 60,994.37 range. Finally, BSE ended the trading session at 60,836.41 by losing 69.68 points. Nifty Sensex of Stock Markets started trading at 17,968.35 mark and hit lowest at 17,959.20. The trading has been consistently trending low throughout the day and Nifty hit highest at 18,106.30 during the morning session, giving a hope for recovery from poor start but it kept trading low till the end of the session and ended at 18,052.70 with 30.15 points loss, better than the terrifying opening mark.

Indian Rupee traded at Rs.82.90 against US Dollar. SBI, Bharati Airtel, IndusInd Bank, HUL, Reliance, Bajaj Finserv, ICICI Bank, Titan, Tata Steel, Dr. Reddy’s have gained on the day while HDFC, Infosys, Powergrid, NTPC, TCS, M&M, Wipro, Tech Mahindra have lost heavily. Indian Stock Markets faced losses again on the second day. continuously and US Fed rates did not make it easy for them. In coming days, the picture looks grim but IT sector could perform better than others with AI surge.

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