Stock Markets reverted back to losses on Tuesday. Traders remained cautious and circumspect throughout the session on Tuesday. International Stock Markets faced losses and that aspect did not help traders to invest in Indian markets. Also, Rupee fall and Crude Oil rates have made an impact too. Stock Markets managed to minimalise the losses and ended with marginal losses. Hence, BSE lost 78.22 points to close at 65,947.47 and Nifty lost 9.85 points to close at 19,664.70 mark.
BSE Sensex of Stock Markets started trading at 66,071.63 mark and then continued to trade between 65,865.63 to 66,078.26 range. Index oscillated between profits and losses throughout the session. BSE ended the trading session at 65,947.47 by losing 78.22 points. Nifty Sensex of Stock Markets started trading at 19,682.80 mark and it hit highest for the day at 19,699.35. Nifty50 hit the lowest at 19,637.45. Index kept experiencing selling pressure throughout the session. Hence, Nifty50 ended by losing 9.85 points on 19,664.70.
Indian Rupee traded at Rs.83.26 against US Dollar on Tuesday. Nestle India, Tata Steel, M&M, Bajaj Finance, HDFC Bank, TCS, NTPC, Ultra Tech Cements, L&T, Sun Pharma made profits on Sensex30 of Stock Markets. September started off with huge gains every session. From Vinayaka Chathurthi weekend, the Stock Markets have been facing heavy losses due to International factors. We have to wait and see, if traders will show some sort of kind of confidence, in coming sessions.
If MAD fails to evoke laughter less than Jathi Ratnalu, I’ll give cash back – Naga Vamsi Suryadevara