Stock Markets broke the bear run on Thursday with considerable gains. Traders have been circumspect for a long time in October. International Stock Markets have ended on positive gains and that helped traders to confidently invest. Also, crude oil prices have come out highly as well. With these factors working in favour major trades have invested in big stocks at low prices. Stock Markets saw major uptrend on Thursday ending the losing streak. At the end of sessions, BSE gained 405.53 points to close at 65,631.57 and Nifty gained 109.65 points to close at 19,545.75 mark.
BSE Sensex of Stock Markets started trading at 65,598.26 mark and then continued to trade between 64,878.77 to 65,753.20 range. Index started with gains and continued to trade in green till the end. BSE ended the trading session at 65,631.57 by gaining 405.53 points. Nifty Sensex of Stock Markets started trading at 19,521.85 mark and it hit highest for the day at 19,576.95. Nifty50 hit the lowest at 19,333.60. Index had a very smooth . Hence, Nifty50 ended by gaining 109.65 points on 19,545.75.
Indian Rupee traded at Rs.83.29 against US Dollar on Thursday. L&T, Titan, TCS, Maruthi, M&M, Infosys, ICICI Bank, Asian Paints, SBI, Axis Bank, Tata Motors and Bajaj Finserv stocks posted positive gains in Sensex30 Index. Stock Markets have been able to stop the streak of losses and this is a positive sign. The correction that all the traders have hoped for is here, finally. Stock Markets need to keep this pace up for few more sessions, to recover.
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