Stock Markets on 9th December ended the disappointing week on even negative note. Even though International Stock Markets have performed better, IT shares in Indian Stock Markets faced huge set back and that cost the trading session for Friday. BSE lost 389.01 points to close at 62,181.67 and Nifty lost 112.75 points to close at 18,496.60 mark.
BSE Sensex of Stock Markets started trading at 62,690.86 mark and then continued to trade between 61,889.11 to 62,735.42 range. Finally, BSE ended the trading session at 62,181.67 by losing 389.01 points. Nifty Sensex of Stock Markets started trading at 18,662.40 mark and it hit highest for the day at 18,664.70, during the opening hours. It hit the lowest at 18,410.10 mid-session and recovered to finish at 18,496.60 by losing 112.75 points.
Indian Rupee traded at Rs.82.27 against US Dollar on Friday. IT shares have faced heavy sell-off pressure on Friday due to Credit Suisse report stating that the shares will correct up to 10-27% of value in coming days. Stock Markets have also seen fast downfall in shares that depend on International MNCs. Well, we can only hope that next Monday reaction of the traders post such a negative week would be better than this one.
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