Stock Markets have gone through huge losses on Thursday. Fitch rating still has a huge effect on the markets. International Stock Markets have sunk and that had an effect on Indian Markets. Morgan Stanley has rated Indian Markets as “Over-weight” and called Chinese as “Equal Weight”. Still, Stock Markets did not saw Traders investing in the stocks. BSE lost 542.10 points to close at 65,240.68 and Nifty lost 144.90 points to close at 19,381.65 mark.
BSE Sensex of Stock Markets started trading at 65,550.82 mark and then continued to trade between 64,963.08 to 65,820.82 range. The index started low and continued to trade in red all-day. BSE ended the trading session at 65,240.68 by losing 542.10 points. Nifty Sensex of Stock Markets started trading at 19,463.75 mark and it hit highest for the day at 19,537.65. Nifty50 hit the lowest at
19,296.45. Index started low and continued to trade through lowest of lows. Nifty50 ended by losing 144.90 points on 19,381.65.
Indian Rupee traded at Rs.82.72 against US Dollar on Thursday. More than 5 Lakhs crores of money has been lost in two sessions. BSE has lost more than 1200 points and Stock Markets are trading in red, straight. The growth over the previous sessions has been mostly neutralized by these two sessions. Stock Markets might end recovering a bit on Friday but traders seem to be still in shock about Fitch rating. It would be good for new investors to be circumspect for few more sessions.
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