Stock Markets continued to lose again after holiday on Wednesday. Traders started the day on a positive note but several factors brought their confidence down. International Stock Markets got hampered by Israel – Hamas war. Israel continuing the war and hitting missiles on Gaza strip has worsened the market trading. Stock Markets even got effected by ever growing crude oil prices and selling gold bonds. Hence, BSE lost 522.82 points to close at 64,049.06 and Nifty lost 159.60 points to close at 19,122.15 mark.
BSE Sensex of Stock Markets started trading at 64,619.27 mark and then continued to trade between 64,787.08 to 63,912.16 range. Index started low and kept losing throughout. BSE ended the trading session at 64,049.06 by losing 522.82 points. Nifty Sensex of Stock Markets started trading at 19,286.45 mark and it hit highest for the day at 19,347.30. Nifty50 hit the lowest at 19,074.15. Index kept losing from start to end. Hence, Nifty50 ended by losing 159.60 points on 19,122.15.
Indian Rupee traded at Rs.83.17 against US Dollar on Wednesday. Tata Steel, SBI, M & M, Maruthi, Nestle India stocks have traded well in SENSEX30 of Stock Markets. Many experts opined that holiday mood has contributed to other factors for traders putting selling pressure on markets. But post the festival holidays also the trend of selling off has continued. Stock Markets need some Indian companies to perform even better for them to recover quickly. Let’s hope that would be the case.