Stock Markets collapsed again on Wednesday just like Tuesday. Major company stocks have registered losses during the session. Traders seems to have taken recession fears to Stock Markets. Infosys, Kotak Mahindra Bank, Reliance Industries failed to impress traders. Major Indices of Stock Markets faced huge losses due to this sentiment. BSE lost 371.83 points to close at 61,560.64 and Nifty lost 104.75 points to close at 18,181.75 mark.
BSE Sensex of Stock Markets started trading at 61,932.32 mark and then continued to trade between 61,340.10 to 61,979.94 range. Finally, BSE ended the trading session at 61,560.64 by losing 371.83 points. Nifty Sensex of Stock Markets started trading at 18,300.45 mark and it hit highest for the day at 18,309.00. Nifty hit the lowest at 18,115.35. The index started low and continued to trade in Red throughout. It ended by losing 104.75 points on 18,181.75.
Indian Rupee traded at Rs.82.38 against US Dollar on Wednesday. Major traders have looked for profit booking in Stock Markets this session. Kotak Mahindra Bank, Apollo Hospitals, SBI Life Insurance, TCS and HCL Technologies have been huge losers this session. Hero MotoCorp, IndusInd Bank, ITC, UPL and BPCL have been top gainers in Stock Markets. Looks like after continuous gains, markets seem to be correcting with losses.
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