Stock Markets after two sessions again back to losses on Tuesday. Markets have gone through another huge dip after two successive sessions of gains. International Stock Markets did not really turn up any gains for Indian markets to perform well. Also, Japan has limited gains on Bonds to 1% and that did not help traders confidence too. Stock Markets started low and continued to trade in dumps. Hence, BSE lost 237.72 points to close at 63,874.93 and Nifty lost 61.30 points to close at 19,079.60 mark.
BSE Sensex started trading at 64,449.65 mark and then continued to trade between 64,452.32 to 63,812.53 range. Index has started high but kept descending throughout the session. BSE ended the trading session at 63,874.93 by losing 237.72 points. Nifty Sensex started trading at 19,232.95 mark and it hit highest for the day at 19,233.70. Nifty50 hit the lowest at 19,056.45. Index never looked like recovering at any stage from losses. Hence, Nifty50 ended by gaining 61.30 points on 19,079.60.
Indian Rupee traded at Rs.83.24 against US Dollar on Tuesday. Titan, Kotak Mahindra Bank, Asian Paints, HCL Tech, Powergrid, Tech Mahindra, NTPC. Nestle India, UltraTech Cements, Bajaj Finserv, JSW Steel, HUL have registered gains in SENSEX30 index. Traders have decided to make their gains from the past two sessions. Selling pressure has dampened traders confidence further. Stock Markets need to make a big comeback in November as October ended on losses.
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