Stock Markets have put a break on gains this Thursday. Traders have been waiting with bated breath for American Federal Reserve announcement. They did not increase repo rate but indicated that there could be raise in repo rate twice this year. Stock Markets took a plunge as this announcement became loud and clear. Markets have been flat till the mid-session. Traders started selling off and Stock Markets dipped towards the end. BSE lost 310.88 points to close at 62,917.63 and Nifty lost 67.80 points to close at 18,688.100 mark.
BSE Sensex of Stock Markets started trading at 63,153.78 mark and then continued to trade between 62,871.08 to 63,310.96 range. Finally, BSE ended the trading session at 62,917.63 by losing 310.88 points. Nifty Sensex of Stock Markets started trading at 18,774.45 mark and it hit highest for the day at 18,794.10. Nifty hit the lowest at 18,669.05. The index has been flat till mid-session and then dipped throughout the session. Hence, it ended by losing 67.80 points on 18,688.10.
Indian Rupee traded at Rs.82.20 against US Dollar on Thursday. International Stock Markets reacted similarly to the American Federal Reserve announcement. IT and Banking sector shares took heavy beating from mid-session. Stock Markets after continuously reporting gains for three sessions reported losses. Let’s hope Markets will end strong on Friday.
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