Stock Markets on 28th December faced marginal losses as traders wanted to make profits as the holiday weekend is coming up. The fear of recession and International Stock Markets trading in negatives, have showed big impact on the Indian markets. Indian Stock Markets saw a weird day of highs and lows to end with marginal losses. BSE lost 17.15 points to close at 60,910.28 and Nifty lost 9.80 points to close at 18,122.50 mark.
BSE Sensex of Stock Markets started trading at 60,811.52 mark and then continued to trade between 60,713.77 to 61,075.33 range. Finally, BSE ended the trading session at 60,910.28 by losing 17.15 points. Nifty Sensex of Stock Markets started trading at 18,084.75 mark and it hit highest for the day at 18,173.10, mid-session. Nifty hit the lowest at 18,068.35 during the opening hours and recovered later in the day to end at 18,122.50 by losing 9.80 points.
Indian Rupee traded at Rs.82.82 against US Dollar on Wednesday. Well, Stock Markets look to be reacting to the recession fears and as the long holiday weekend is coming up, traders might be looking to take whatever profits they can make, this week. It looks like Stock Markets will go for a huge correction in January.
Stock Markets recovered from losses on Tuesday. Read here.