Stock Markets lose huge for the first time in September on Wednesday. After posting life-time high gains last week, this week seems to be time for losses. On Monday, Stock Markets have posted losses but limited to small amounts. But on Wednesday, indices lost huge value as major stocks have reported losses. International Stock Markets have also reported huge losses. India – Canada relations have also made traders to go for profits by selling-off major positions. Hence, BSE lost 796.00 points to close at 66,800.84and Nifty lost 231.90 points to close at 19,901.40 mark.
BSE Sensex of Stock Markets started trading at 67,080.18 mark and then continued to trade between 66,728.14 to 67,294.16 range. Index started lower than previous closing and went on to lose throughout the session. BSE ended the trading session at 66,800.84 by losing 796.00 points. Nifty Sensex of Stock Markets started trading at 19,980.75 mark and it hit highest for the day at 20,050.65. Nifty50 hit the lowest at 19,878.85. Index kept losing throughout the session and lost huge in one session. Nifty50 ended by losing 231.90 points on 19,901.40.
Indian Rupee traded at Rs.83.08 against US Dollar on Wednesday. Powergird, Asian Paints, Sun Pharma, Axis Bank, ITC, NTPC, TCS shares have registered gains in Sensex30. Stock Markets suffered to due to change in crude oil prices. Upcoming America Federal Reserve announcement regarding interest rates also made traders be circumspect. Major stocks have seen huge amount of profit making and suffered hugely too. We have to wait and see, how Stock Markets trade in coming days after these huge losses.
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