Stock Markets continued Tuesday recovery on Wednesday. Indian Markets recovered on Tuesday from Monday slump and on Wednesday it saw gains again due to International Stock Markets recovery. Traders found it encouraging with Pharma and Oil companies doing well. By the end of the trading session of Stock Markets, BSE gained 139.19 points to close at 58,214.59 and Nifty gained 44.40 points to close at 17,151.90 mark.
BSE Sensex of Stock Markets started trading at 58,245.26 mark and then continued to trade between 58,418.78 to 58,245.26 range. Finally, BSE ended the trading session at 58,214.59 by gaining 139.19 points. Nifty Sensex of Stock Markets started trading at 17,060.40 mark and it hit highest for the day at 17,207.75. Nifty hit the lowest at 17,107.85. Started with losses and kept going down till mid-session. It recovered during the late hours and ended the session by gaining 44.40 points and ended at 17,151.90.
Indian Rupee traded at Rs.82.20 against US Dollar on Wednesday. In International Markets Oil prices have come down and that helped Oil company shares to perform better in Stock Markets. The recovery is giving hope for rest of the sessions too. Stock Markets will need to continue to trade in green for next few days, to recover from major losses.
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