Stock Markets maintained the positive gains on New Financial Year starting day. After voluptuous end on Financial Year Ending day, Markets started again on positive note. But then slumped in the mid-session. Saudi Arabia announcing reduction in production of crude oil contributed majorly to it. Some of the Major bank shares showed gains in Stock Markets and helped in recovery. By the end of the trading session of Stock Markets, BSE gained 114.92 points to close at 59,106.44 and Nifty gained 38.30 points to close at 17,398.05 mark.
BSE Sensex of Stock Markets started trading at 59,131.16 mark and then continued to trade between 58,793.08 to 59,204.82 range. Finally, BSE ended the trading session at 59,106.44 by gaining 114.92 points. Nifty Sensex of Stock Markets started trading at 17,427.95 mark and it hit highest for the day at 17,428.05. Nifty hit the lowest at 17,312.75. After a huge start it almost crash and recovered to end the session by gaining 38.30 points on 17,398.05.
Indian Rupee traded at Rs.82.33 against US Dollar on Monday. TCS, ITC, Tata Steel, Sun Pharma, HDFC, Power grid shares have put up major losses. Stock Markets recovered with the help of Auto and Finance sector rallies. Many factors still are making traders worry about the future but the start is good enough for this year. Traders would be hoping for some consistency in Stock Markets, this Financial Year.
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