Stock Markets recovered marginally on Monday. Indian Markets reported losses on Friday too but they recovered. International Stock Markets showed some signs of recovery but Indian traders showed caution. Slowly, Indian markets are showing signs of recovery but this is too early to say so. By trading up and down throughout, by the end of the trading session of Stock Markets, BSE gained 126.76 points to close at 57,653.86 and Nifty gained 40.65 points to close at 16,985.70 mark.
BSE Sensex of Stock Markets started trading at 57,566.90 mark and then continued to trade between 57,415.02 to 58,019.55 range. Finally, BSE ended the trading session at 57,653.86 by gaining 126.76 points. Nifty Sensex of Stock Markets started trading at 16,984.30 mark and it hit highest for the day at 17,091.00. Nifty hit the lowest at 16,918.55. With dramatic highs and lows, it ended the session by gaining 40.65 points on 16,985.70.
Indian Rupee traded at Rs.82.37 against US Dollar on Monday. While the Banking crisis in US is slowly getting resolved, European Markets also showed signs of recovery. Stock Markets found all importance stocks performing better on Monday. While this is too early to say, Stock Markets need to correct themselves after major losses and we can expect gradual recovery. Let’s hope for sustained recovery in coming days.
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