Stock Markets soared high on Wednesday. RBI repo rate announcement anticipation has had an impact on indices. Traders sought to know if RBI is looking to increase repo rate. Early reports have suggested that inflation is on decline and hence, repo rate won’t increase. Stock Markets took advantage of this and soared to new heights. Asian Stock Markets did not trade well with China exports decline but Indian Markets trended positive. In the end, BSE gained 350.08 points to close at 63,142.96 and Nifty gained 127.40 points to close at 18,726.40 mark.
BSE Sensex of Stock Markets started trading at 62,917.39 mark and then continued to trade between 62,841.95 to 63,196.43 range. Finally, BSE ended the trading session at 63,142.96 by gaining 350.08 points. Nifty Sensex of Stock Markets started trading at 18,665.60 mark and it hit highest for the day at 18,738.95. Nifty hit the lowest at 18,636.00. The index started high and continued to trade in green all-day. It ended by gaining 127.40 points on 18,726.40.
Indian Rupee traded at Rs.82.54 against US Dollar on Wednesday. BSE has hit new height and crossed 63,000 points mark. NSE also crossed 18,700 mark. Both the indices on Wednesday have touched new lifetime highs. Stock Markets experts are happy with this performance. Also, traders seem to be willing to invest more with Inflation seem to be on a huge decline. Stock Markets after a rough day like Tuesday had a hugely satisfying session.
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