Stock Markets just did not find any respite before festival Monday. Traders seem to had no amount of trust in Indian companies. International Stock Markets and factors have further made it difficult for indices to recover at any moment. Towards the end, the selling pressure has also been increased. Stock Markets did not find one factor to make a comeback at any level. Hence, BSE lost 825.74 points to close at 64,571.88 and Nifty lost 260.90 points to close at 19,281.75 mark.
BSE Sensex of Stock Markets started trading at 65,419.02 mark and then continued to trade between 65,453.92 to 64,502.68 range. Index started low and kept losing throughout. BSE ended the trading session at 64,571.88 by losing 825.74 points. Nifty Sensex of Stock Markets started trading at 19,521.60 mark and it hit highest for the day at 19,556.85. Nifty50 hit the lowest at 19,257.85. Index kept losing from start to end. Hence, Nifty50 ended by losing 260.90 points on 19,281.75.
Indian Rupee traded at Rs.83.06 against US Dollar on Monday. Bajaj Finance, Mahindra and Mahindra got into profits against the tide on SENSEX30 index. Rest all stocks faced huge losses. Majorly, HDFC Bank, Reliance and TCS stocks saw major selling pressure in Stock Markets. As market is closed on 24th October, we may see some sort of recovery on 25th, if situation seems to be favorable. Stock Markets need a big level correction upwards to end October on a high.