Stock Markets have dropped again after Friday. Traders did not show much enthusiasm on Friday due to unfriendly factors. International Stock Markets did not perform better and it reflected on Indian markets. Crude oil has traded at USD 83.73 losing 0.46% value. This also made an impact on Stock Markets. BSE lost 202.36 points to close at 64,948.66 and Nifty lost 55.10 points to close at 19,310.15 mark.
BSE Sensex of Stock Markets started trading at 65,025.71 mark and then continued to trade between 64,754.72 to 65,175.32 range. Index started low and kept plummeting through the session. BSE ended the trading session at 64,948.66 by losing 202.36 points. Nifty Sensex of Stock Markets started trading at 19,301.75 mark and it hit highest for the day at 19,373.80. Nifty50 hit the lowest at 19,253.60. Index kept trading low and towards end recovered slightly from huge losses. Nifty50 ended by losing 55.10 points on 19,310.15.
Indian Rupee traded at Rs.83.15 against US Dollar on Friday. Independence Day weekend proved to be great for Films but not for Stock Markets. Major sectors have faced huge losses. Stock Markets might not recover from this kind of onslaught for some time. At lowest rates traders bought stocks on Friday but we cannot expect same next week. Let’s wait and see.
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