Stock Markets on 7th December started close to Tuesday closing but then RBI increasing basis points had negative impact. RBI new announcements have had a very bad impact on Stock Markets and BSE lost 215.68 points to close at 62,410.68 and Nifty to lose 82.25 points to close at 18,560.50 mark.
BSE Sensex of Stock Markets started trading at 62,615.52 mark and then continued to trade between 62,316.65 to 62,759.97 range. Finally, BSE ended the trading session at 62,410.68 by losing 215.68 points. Nifty Sensex of Stock Markets started trading at 18,638.85 mark and it hit highest for the day at 18,668.30, during the opening. It hit the lowest at 18,528.40 towards the end and slightly recovered to finish at 18,560.50 by losing 82.25 points.
Indian Rupee traded at Rs.82.46 against US Dollar on Wednesday. RBI delivered the big blow against the bull run that Indian Stock Markets enjoyed even though International Markets have been losing. Repo Rate has been increased by 35 basis points and RBI made it clear that this will be the situation for coming months too. Traders will be looking to make short term profits than holding for long in Stock Markets for now.
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