Stock Markets Update: Markets crash before Republic Day!

With Republic Day weekend ahead, traders might have looked for profit making but Stock Markets represented a blood bath from all sides. By the end of the trading session, BSE lost 773.69 points to close at 60,205.06 and Nifty lost 206.70 points to close at 17,911.60 mark.

Stock Markets crash on Wednesday before Republic Day
Stock Markets crash on Wednesday before Republic Day

Stock Markets on 25 January crashed huge. Fear of Budget not being much more corporate friendly seems to have creeped into traders. Indian Stock Markets have suffered on Wednesday. With Republic Day weekend ahead, traders might have looked for profit making but Stock Markets represented a blood bath from all sides. By the end of the trading session, BSE lost 773.69 points to close at 60,205.06 and Nifty lost 206.70 points to close at 17,911.60 mark.

BSE Sensex of Stock Markets started trading at 60,834.73 mark and then continued to trade between 60,899.21 to 60,081.36 range. Finally, BSE ended the trading session at 60,205.06 by losing 773.69 points. Nifty Sensex of Stock Markets started trading at 18,093.35 mark and it hit highest for the day at
18,100.60. Nifty hit the lowest at 17,846.15. It started off below par and continued to crash. It ended at 17,911.60 by losing 206.70 points.

Indian Rupee traded at Rs.81.64 against US Dollar on Tuesday. Stock Markets have showed negative reaction to inflation not coming under control and Budget might not more corporate friendly rumors. The actual Budget is yet to be announced and traders have to hope for a miracle to change the sentiment.

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