Stock Markets just before Diwali recovered marginally to give gains. Traders have waited for US Federal Reserve announcements about interest rates. The announcements did not give any substantial information that people wanted. So, there have been people who pulled off their investments and few who went for them. Hence, BSE gained 72.48 points to close at 64,904.68 and Nifty gained 30.05 points to close at 19,425.35 mark.
BSE Sensex started trading at 64,756.11 mark and then continued to trade between 64,580.95 to 65,014.06 range. Index oscillated as the morning hours faced huge selling pressure. Towards the end, traders invested more in the big stocks. Hence, BSE ended the trading session at 64,904.68 by gaining 72.48 points.
Nifty Sensex started trading at 19,351.85 mark and it hit highest for the day at 19,451.30. Nifty50 hit the lowest at 19,329.45. Index started low and lost more value as the day progressed. In the ending hours, traders invested in major stocks. Hence, Nifty50 ended by gaining 30.05 points on 19,425.35.
Indian Rupee traded at Rs.83.34 against US Dollar by the end of the week. Traders did not find major encourgament with International Stock Markets fairing badly. Throughout the week, the losses and gains have been recordably marginal. This kind of trading showcases that traders are entirely confident. Majority of the stocks did oscillate heavily.