Stock Markets lost heavily on Monday. Markets started on a high. Stock Markets looked like touched lifetime high benchmarks. Traders decided to make profits at this stage. International Stock Markets also did not help for the sentiment. Traders have decided to grab as much profits as they can. Hence, BSE lost 216.28 points to close at 63,168.30 and Nifty lost 70.55 points to close at 18,755.45 mark.
BSE Sensex of Stock Markets started trading at 63,474.21 mark and then continued to trade between 63,047.83 to 63,574.69 range. Finally, BSE ended the trading session at 63,168.30 by losing 216.28 points. Nifty Sensex of Stock Markets started trading at 18,873.30 mark and it hit highest for the day at 18,881.45. Nifty hit the lowest at 18,719.15. The index has started high and soon dipped and continued to dip throughout the session. Hence, it ended by losing 70.55 points on 18,755.45.
Indian Rupee traded at Rs.82.43 against US Dollar on Monday. Banking sector had mixed results in Stock Markets. Bajaj Finance, HDFC Bank, HDFC and Bajaj Finserv ended in profits. At the same time Kotak Mahindra Bank, Axis Bank, ICICI Bank, IndusInd Bank faced losses. Stock Markets could not sustain at lifetime highs on Monday. We have to wait and see how traders will proceed from here on.
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