Stock Markets continue to pile up losses on Wednesday. Traders have been circumspect about US Federal Reserve decision to come out. Also, Israel-Hamas war being continued still, has effected the returns. Investors and Traders seem to have lost their confidence. Stock Markets further went down into the dumps. Hence, BSE lost 283.60 points to close at 63,591.33 and Nifty lost 90.45 points to close at 18,989.15 mark.
BSE Sensex started trading at 63,829.87 mark and then continued to trade between 63,896.05 to 63,550.46 range. Index started low and kept descending further. BSE ended the trading session at 63,591.33 by losing 283.60 points. Nifty Sensex started trading at 19,064.05 mark and it hit highest for the day at 19,096.05. Nifty50 hit the lowest at 18,973.70. Index started low and continued to pile up losses. Hence, Nifty50 ended by gaining 90.45 points on 18,989.15.
Indian Rupee traded at Rs.83.32 against US Dollar on Wednesday. Asian Paints, Tata Steel, Nestle India, Maruthi, HCL Tech, NTPC, L & T, Infosys, Axis Bank, TCS, Kotak Mahindra Bank stocks have registered losses in SENSEX30. Stock Markets need International factors and Indian companies to deliver further. Traders belief in the companies have seen a lot of highs and downs in these sessions. It is important for markets to recover soon.