Stock Markets continued to lose heavily on Friday. Traders have been circumspect once again. International Stock Markets have been waiting for US Federal reserve announcement and they ended with losses. RBI minutes have made the situation further worse for Indian Markets. Stock Markets have started low and continued to lose throughout the session. BSE lost 365.83 points to close at 64,886.51 and Nifty lost 120.90 points to close at 19,265.80 mark.
BSE Sensex of Stock Markets started trading at 65,000.67 mark and then continued to trade between 64,732.57 to 65,106.00 range. Index started low and continued to trade in red all-day. Index never showed signs of recovery at all. BSE ended the trading session at 64,886.51 by losing 365.83 points. Nifty Sensex of Stock Markets started trading at 19,297.40 mark and it hit highest for the day at 19,339.55. Nifty50 hit the lowest at 19,229.70. Index started low and kept losing progressively. Nifty50 ended by losing 120.90 points on 19,265.80.
Indian Rupee traded at Rs.82.55 against US Dollar on Friday. Food inflation is on the rise and this has become a worrying factor for Traders. Stock Markets are hit by the increasing fears in inflation and employment rates going up again. This entire week Stock Markets have gone through highs and lows but the final session has resulted in more losses. Now, Traders seem to be looking at International and National aspects to drive their decisions in right direction. Stock Markets will see differences in the last week of August opine experts.
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