Stock Markets fell flat on Wednesday breaking the gains’ spree. Once again, traders have been circumspect about American Debt Bill. International Stock Markets did not give any boost to the local traders. Foreign traders too did not show much interest in investing. Stock Markets got hampered by major traders looking to cash in on profits as well. In the end, BSE lost 346.89 points to close at 62,622.24 and Nifty lost 99.45 points to close at 18,534.40 mark.
BSE Sensex of Stock Markets started trading at 62,839.97 mark and then continued to trade between 62,401.02 to 62,876.77 range. Finally, BSE ended the trading session at 62,622.24 by losing 346.89 points. Nifty Sensex of Stock Markets started trading at 18,594.20 mark and it hit highest for the day at 18,603.90. Nifty hit the lowest at 18,483.85. The index started flat and continued to dip throughout the session. It ended by losing 99.45 points on 18,534.40.
Indian Rupee traded at Rs.82.73 against US Dollar on Wednesday. American Debt increase bill is going to come for voting on Wednesday night. We can expect repurcussions on Stock Markets on Thursday without any doubt. Also, Banking shares have seen major decline on the day. Looks like traders reaction will be the Stock Markets story for at least this week.
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