Stock Markets crashed after they seemed like recovering on Thursday. Indian Markets recovered on Tuesday and Wednesday. But Stock Markets got hit by the Fed rate increase news. This frightened traders and most of them looked to sell. This increased pressure and by the end of the trading session of Stock Markets, BSE lost 289.31points to close at 57,925.28 and Nifty lost 75.00 points to close at 17,076.90 mark.
BSE Sensex of Stock Markets started trading at 58,061.41 mark and then continued to trade between 58,396.17 to 57,838.85 range. Finally, BSE ended the trading session at 57,925.28 by losing 289.31points. Nifty Sensex of Stock Markets started trading at 17,097.40 mark and it hit highest for the day at 17,205.40. Nifty hit the lowest at 17,045.30. Started with losses and recovered in mid-session. But it went on a downward spiral and ended the session by losing 75.00 points and ended at 17,076.90.
Indian Rupee traded at Rs.82.26 against US Dollar on Thursday. Toshiba has accepted the $15bn takeover bid by private Japan Industrial Partners. HAL has lost 5% value and Adani Transmission rose by 5%. SBI and Asian Paints have ended being biggest losers at Stock Markets. Traders are worried about this high fluctuations. Small-time traders are unhappy and want to look at things closely now. Long-time players seem to be moving to more responsible and long lasting stocks. Let’s wait and see, how Stock Markets will perform as Internationally things look bleak.
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