Stock Markets ended October second week on Friday in a disappointing way. The Markets started low from previous closing and it encouraged Traders to invest. International Stock Markets and foreign factors have made traders to go for selling immediately. With high oscillations, markets did not have a pattern to improve. Stock Markets ended the session again losing some considerable gains. Hence, BSE lost 125.65 points to close at 66,282.74 and Nifty lost 42.95 points to close at 19,751.05 mark.
BSE Sensex of Stock Markets started trading at 66,034.21 mark and then continued to trade between 65,895.41 to 66,478.90 range. Index started low and then continued to trade in red throughout. BSE ended the trading session at 66,282.74 by losing 125.65 points. Nifty Sensex of Stock Markets started trading at 19,654.55 mark and it hit highest for the day at 19,805.40. Nifty50 hit the lowest at 19,635.30. Index started low and recovered in the first hour. Mid-session Index dropped and towards the end recovered a bit. Still, Nifty50 ended by losing 42.95 points on 19,751.05.
Indian Rupee traded at Rs.83.27 against US Dollar on Friday. IT sector has seen huge defecits during the session. Stock Markets have been able to recovery mid-week but they have slipped into losses in the two consecutive sessions. Traders are pretty confused about which way to go forward. As Dasara Navratri festival is coming up, major traders could look to take back their investments next week, too. Stock Markets need big companies to deliver to sustainably grow.
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