Stock Markets crashed on Monday but recovered on Tuesday. Indian Markets recovered on Tuesday from Monday slump as major shares performed better. Stock Markets saw rally with Reliance and HDFC Bank becoming big gainers. Major banking shares saw good rise and recovery. By the end of the trading session of Stock Markets, BSE gained 445.73 points to close at 58,074.68 and Nifty gained 119.10 points to close at 17,107.50 mark.
BSE Sensex of Stock Markets started trading at 57,963.27 mark and then continued to trade between 58,133.33 to 57,730.09 range. Finally, BSE ended the trading session at 58,074.68 by gaining 445.73 points. Nifty Sensex of Stock Markets started trading at 17,060.40 mark and it hit highest for the day at 17,127.70. Nifty hit the lowest at 17,016.00. Started with losses and kept going down till mid-session. It recovered during the late hours and ended the session by gaining 119.10 points and ended at 17,107.50.
Indian Rupee traded at Rs.82.68 against US Dollar on Tuesday. Traders want to wait for US Fed announcement about repo rate and banking crisis. Stock Markets showed some solidarity after the crash. We have to wait and see, how will they react in coming days. Stock Markets have recovered in a decent way, we can say so.
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