Stock Markets again reported losses on Friday. Indian Markets dropped in losses on Thursday and continued it on Friday, too. International Stock Markets slump had huge effect on Indian Markets. While start of the day seemed enthusiastic and encouraging. Traders couldn’t show the confidence for longer intervals. As the selling pressure incrased by the end of the trading session of Stock Markets, BSE lost 398.18 points to close at 57,527.10 and Nifty lost 131.85 points to close at 16,945.05 mark.
BSE Sensex of Stock Markets started trading at 57,890.66 mark and then continued to trade between 57,422.98 to 58,066.40 range. Finally, BSE ended the trading session at 57,527.10 by losing 398.18 points. Nifty Sensex of Stock Markets started trading at 17,076.20 mark and it hit highest for the day at 17,109.45. Nifty hit the lowest at 16,917.35. After an enthusiastic start, it dropped rapidly and ended the session by losing 131.85 points and ended at 16,945.05.
Indian Rupee traded at Rs.82.47 against US Dollar on Friday. Banking sector crash and recession, lay-offs and fed rates increase showed effect on Stock Markets. ICICI Bank, Bajaj Finance, Reliance, L & T have lost huge stock value by the end of the trading session. Stock Markets had a mixed week and it continues to hurt traders. For markets to stabilize, International Banking crisis should ease off. Let’s wait and see.
Pawan Kalyan and Sai Dharam Tej Movie to release on this date!