Stock Markets Update: Markets continue to recover!

In return, traders at Indian Stock Markets have decided to buy stocks after a slump in the morning allowing, BSE to gain 361.01 points to close at 60,927.43 and Nifty to gain 117.70 points to close at 18,132.30 mark.

Indian Stock Markets recover after a big slump
Indian Stock Markets recover after a big slump

Stock Markets on 27th December continued the positive trends of 26th December after a slump in the early hours. China has slightly changed zero-Covid policy by removing sanctions on International travel and this helped Asian Stock Markets to perform better. In return, traders at Indian Stock Markets have decided to buy stocks after a slump in the morning allowing, BSE to gain 361.01 points to close at 60,927.43 and Nifty to gain 117.70 points to close at 18,132.30 mark.

BSE Sensex of Stock Markets started trading at 60,861.41 mark and then continued to trade between 60,405.66 to 60,986.68 range. Finally, BSE ended the trading session at 60,927.43 by gaining 361.01 points. Nifty Sensex of Stock Markets started trading at 18,089.80 mark and it hit highest for the day at 18,149.25, towards the end. Nifty hit the lowest at 17,967.45 during the opening hours and recovered later in the day to end at 18,132.30 by gaining 117.70 points.

Indian Rupee traded at Rs.82.81 against US Dollar on Tuesday. The fear of recession is still there and many think it has started and we don’t know yet. Stock Markets could be reacting to Covid-19 new waves and recession fears in coming weeks, caution is advised.

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