Stock Markets continued losses on Friday, too. There are a lot of factors that have been affecting traders to go for aggressive investments. International Stock Markets and tensions have become heavy problem with traders this session too. Traders have lost their confidence with so much going against and this session has been a great reflection for it. Stock Markets looked like recovering but traders kept up the selling pressure, throughout. Hence, BSE lost 221.09 points to close at 66,009.15 and Nifty lost 68.10 points to close at 19,674.25 mark.
BSE Sensex of Stock Markets started trading at 66,215.04 mark and then continued to trade between 65,952.83 to 66,445.47 range. Index oscillated between profits and losses throughout the session. BSE ended the trading session at 66,009.15 by losing 221.09 points. Nifty Sensex of Stock Markets started trading at 19,744.85 mark and it hit highest for the day at 19,798.65. Nifty50 hit the lowest at 19,657.50. Index kept going through highs and lows throughout the session. Nifty50 ended by losing 68.10 points on 19,674.25.
Indian Rupee traded at Rs.82.95 against US Dollar on Friday. BSE Sensex of Stock Markets has lost more than 1800 points in 5 sessions, this week. After registering gains for 11 sessions, this kind of downfall will further scare traders. Stock Markets have always been volatile but this three weeks, just shows how can they oscillate between profits and losses. For now, traders need to keep their eyes open to International and national factors. Experts say once India-Canada tensions start to neutralise, Stock Markets will again show normal behavior. Let’s hope that is the case.
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