Stock Markets are back to crashing on Monday after Friday recovery. International Stock Markets crash did not help Indian Markets. The trading has been so low that at one point BSE has lost 900 points. After mid-session, Markets recovered during Intra-day, to show some solid strength in Indian companies. By the end of the trading session of Stock Markets, BSE lost 355.06 points to close at 57,628.95 and Nifty lost 114.45 points to close at 16,988.40 mark.
BSE Sensex of Stock Markets started trading at 57,773.55 mark and then continued to trade between 57,084.91 to 57,829.23 range. Finally, BSE ended the trading session at 57,628.95 by losing 355.06 points. Nifty Sensex of Stock Markets started trading at 17,066.60 mark and it hit highest for the day at 17,066.60. Nifty hit the lowest at 16,828.35. Started with losses and kept going down till mid-session. It recovered during the late hours and ended the session by losing 111.65 points and ended at 16,988.40.
Indian Rupee traded at Rs.82.62 against US Dollar on Monday. Traders are unhappy with the International Markets trading and worried about big companies sustaining Banking crashes. Stock Markets have reacted to the same and hence, the grave losses. But the recovery in the same session has made us look at the positive side too. Stock Markets need more assurances from local companies in these torrid times!
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