Stock Markets dipped after 4 straight sessions of gains on Thursday. RBI repo rate being similar has helped traders to invest more in stocks in the morning session. Later, RBI announced that inflation is still high and they will implement strong measures acted against traders sentiment. Stock Markets Internationally did not perform greatly as well. Traders decided to be circumspect and sold off few stocks. Stock Markets ended the gains due to these factors. In the end, BSE lost 294.32 points to close at 62,848.64 and Nifty lost 91.85 points to close at 18,634.55 mark.
BSE Sensex of Stock Markets started trading at 63,140.17 mark and then continued to trade between 62,789.73 to 63,321.40 range. Finally, BSE ended the trading session at 62,848.64 by losing 294.32 points. Nifty Sensex of Stock Markets started trading at 18,665.60 mark and it hit highest for the day at 18,738.95. Nifty hit the lowest at 18,636.00. The index started high and during mid-session started trading in red. Hence, it ended by losing 91.85 points on 18,634.55.
Indian Rupee traded at Rs.82.57 against US Dollar on Thursday. NTPC, Powergrid, L&T, HDFC, Reliance, HDFC Bank stocks marked gains in this session. Stock Markets dipped highly due to traders thinking inflation and recession will be big factors in coming days. RBI also made several points that tell many to be more and more circumspect. Stock Markets could undergo correction in upcoming sessions too.
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