Stock Markets last week recovered on Thursday and Friday. Banking system in USA seems to be on the verge of collapse. International Stock Markets have been vastly hit by the crisis. Indian Markets recovered on Friday but worries continue for this week trading. By the end of the Friday trading session of Stock Markets, BSE gained 355.06 points to close at 57,989.90 and Nifty gained 114.45 points to close at 17,100.05 mark.
BSE Sensex of Stock Markets started trading at 58,038.17 mark and then continued to trade between 57,503.90 to 58,178.94 range. Finally, BSE ended the trading session at 57,989.90 by gaining 355.06 points. Nifty Sensex of Stock Markets started trading at 17,111.80 mark and it hit highest for the day at 17,145.80. Nifty hit the lowest at 16,958.15. It started high and went down mid-session. Finally recovered and ended the session by gaining 114.45 points and ended at 17,100.05.
Indian Rupee traded at Rs.82.54 against US Dollar on Friday. After 5 sessions of consecutive blood bath, Stock Markets recovered on Friday. But with SVB downfall and Credit Suisse crisis, USA has been hit highly by the banking crisis. Stock Markets in India could open low on Monday and continue to do so. Traders need to look at Indian companies performances as well before taking risky decisions.
Australia win by 10 wickets to humiliate India!