Stock Markets recovered from losses on Tuesday but reverted back to losses on Wednesday. Traders did not show much confidence in investing into big stocks. International Stock Markets ended with losses and other factors did not help. Israel – Hamas war has even further discouraged traders. Stock Markets never found any kind of support from any source to recover. Hence, BSE lost 551.07 points to close at 65,877.02 and Nifty lost 140.40 points to close at 19,671.10 mark.
BSE Sensex of Stock Markets started trading at 66,473.74 mark and then continued to trade between 66,475.27 to 65,842.10 range. Index started low and never recovered throughout. BSE ended the trading session at 65,877.02 by losing 551.07 points. Nifty Sensex of Stock Markets started trading at 19,820.45 mark and it hit highest for the day at 19,840.95. Nifty50 hit the lowest at 19,659.95. Index did not recover from the lows ever. But, Nifty50 ended by losing 140.40 points on 19,671.10.
Indian Rupee traded at Rs.83.27 against US Dollar on Wednesday. Israel – Hamas war and China lower GDP growth rate has effected Stock Markets greatly. Tata Motors, Sun Pharma, Maruthi, M & M shares have seen gains in the Sensex30 index. Stock Markets have been oscillating between gains and losses too frequent, these days. Traders seem to have very low confidence in Indian company stocks. Let’s see how Stock Markets will trade with pooja holidays coming up.
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