Stock Markets have gained after Independence Day on Thursday. Markets did not show any kind of resurgence in this session. International Stock Markets have showed no sign of recovery as well. Chinese Economical Crisis and Rumors about US Federal Reserve increasing interest rates have been big reason for this. Stock Markets have started high and never recovered through-out the day. BSE lost 388.40 points to close at 65,151.02 and Nifty lost 99.75 points to close at 19,365.25 mark.
BSE Sensex of Stock Markets started trading at 65,503.85 mark and then continued to trade between 65,046.10 to 65,535.14 range. Index started high but kept plummeting through the session. BSE ended the trading session at 65,151.02 by losing 388.40 points. Nifty Sensex of Stock Markets started trading at 19,450.55 mark and it hit highest for the day at 19,461.55. Nifty50 hit the lowest at 19,326.25. Index kept trading low and never recovered throughout the session. Nifty50 ended by losing 99.75 points on 19,365.25.
Indian Rupee traded at Rs.83.07 against US Dollar on Thursday. Banking sector has seen good gains in Stock Markets. ITC, Powergrid Corporation, Reliance, L&T, Nestle India stocks have put up huge losses. Stock Markets seem to have taken a dip again. We have to wait and see how traders react to International and National factors in coming days. Experts predict more losses in coming days as fear among traders is at the highest level.
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