Stock Markets continue their bear run on Thursday as well. Traders did not find any kind of support from any end and the markets continued bear run. International Stock Markets faced huge amount of turbulence again. Traders feared so much that they started selling off their holdings. Stock Markets at no point have been able to stage a recovery of any sorts. Hence, BSE lost 900.91 points to close at 63,148.15 and Nifty lost 264.90 points to close at 18,857.25 mark.
BSE Sensex of Stock Markets started trading at 63,774.16 mark and then continued to trade between 63,774.16 to 63,092.98 range. Index started low and kept losing throughout. BSE ended the trading session at 63,148.15 by losing 900.91 points. Nifty Sensex of Stock Markets started trading at 19,027.25 mark and it hit highest for the day at 19,041.70. Nifty50 hit the lowest at 18,837.85. Index kept losing from start to end. Hence, Nifty50 ended by losing 264.90 points on 18,857.25.
Indian Rupee traded at Rs.83.24 against US Dollar on Thursday. Axis Bank, ITC, HCL Tech, NTPC and IndusInd Bank shares of SENSEX30 gained profits. Stock Markets are facing huge bear losses due to on going Israel – Hamas war. Options Expiry, Inflation, Crude Oil prices have effected the downfall of the Markets. Well, trade experts are expecting Stock Markets to recover in November to some extent. Let’s hope that is the case.