Stock Markets have been on a bear run and continued so on Wednesday. Traders continued to not invest in major stocks during this session, too. International Stock Markets made the matters even worse and traders lost confidence on huge stocks. These factors further plummeted indices on the day. Stock Markets have started low and continue to trade in negative. Hence, BSE lost 286.06 points to close at 65,226.04 and Nifty lost 92.65 points to close at 19,436.10 mark.
BSE Sensex of Stock Markets started trading at 65,330.65 mark and then continued to trade between 64,878.77 to 65,332.52 range. Index kept trading once again in downtrend right from the opening hour. BSE ended the trading session at 65,226.04 by losing 286.06 points. Nifty Sensex of Stock Markets started trading at 19,446.30 mark and it hit highest for the day at 19,457.80. Nifty50 hit the lowest at 19,333.60. Index kept experiencing selling pressure throughout the session and recovered slightly towards the end. Hence, Nifty50 ended by losing 92.65 points on 19,436.10.
Indian Rupee traded at Rs.83.26 against US Dollar on Wednesday. Nestle India, HDFC Bank, HUL, Infosys, TCS, HCL Tech, Bharathi Airtel, Asian Paints stocks have made profits in Sensex30 index. Stock Markets have started October in a negative trend and they are continuing to do so. The bear run is scaring major Indian industries that depend on stock value for liquidity. Traders might show some interest in buying important stocks at these low prices. Stock Markets need to correct up in coming days.
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