Stock Markets have once again succumbed to selling pressure on 25th January, 2024. IT stocks have faced huge losses and they drove them to losses. Tech Mahindra quarter results and International Stock Markets have been disappointing as well. Hence, BSE lost 359.64 points to close at 70,700.67 and Nifty lost 101.35 points to close at 21,352.60 mark.
BSE Sensex started trading at 71,022.10 mark and then continued to trade between 70,735.84 to 70,319.04 range. Index started below previous closing and always faced selling pressure. At one moment, it has fallen down to 70,319 mark and in the last hour recovered with few late investments in big stocks. Hence, BSE ended the trading session at 70,700.67 by losing 359.64 points.
Nifty Sensex started trading at 21,438.50 mark and it was the highest for the day, too. Nifty50 hit the lowest at 21,258.40. Index started off low and traded in losses from previous closing through-out. Only, in the ending hour, as the big stocks attracted some sort of investments, it recovered better. Hence, Nifty50 ended by losing 101.35 points on 21,352.60.
Indian Rupee traded at Rs.83.12 against US Dollar on 25th January, 2024. Tech Mahindra, Bharati Airtel, Asian Paints, HCL Technology, Wipro shares have lost huge. NTPC. IndusInd Bank, ICICI Bank, JSW Steel, Reliance shares have gained the most. Stock Markets have been shut for Republic Day and opened on Monday, 29th January.
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