Stock Markets have registered losses on Thursday. RBI MPC decisions has resulted in huge downtrend in Markets. International Stock Markets did not have much effect as RBI decisions had been closely followed by traders. While they did not change the repo rate, they did change inflation index and ICRR. Stock Markets started high and continued to trade low throughout. BSE lost 307.63 points to close at 65,688.18 and Nifty lost 89.45 points to close at 19,543.10 mark.
BSE Sensex of Stock Markets started trading at 65,945.39 mark and then continued to trade between 65,509.14 to 66,066.01 range. Traders have been circumspect and traded in red all-day. BSE ended the trading session at 65,688.18 by losing 307.63 points. Nifty Sensex of Stock Markets started trading at 19,578.80 mark and it hit highest for the day at 19,645.50. Nifty50 hit the lowest at 19,467.50. Index started high and continued to trade in red. Nifty50 ended by losing 89.45 points on 19,543.10.
Indian Rupee traded at Rs.82.68 against US Dollar on Thursday. RBI has increased inflation index to 5.4% from 5.1%. Stock Markets took major hit because of this. Also, ICRR has been limited to 10% from 12th August. This discouraged Foreign investors in the markets. Stock Markets might continue to lose heavily as traders are not positive about these changes.
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