Stock Markets Update: Indices couldn’t maintain the gains!

Stock Markets traders don;t show much confidence towards the end

Stock Markets started with gains and then ended up losing almost all of them on 09th January, 2024. Traders have been over compensative for losses acquired in previous session. They invested lot more but then selling pressure as plunged almost all of the gains in Stock Markets. Hence, BSE gained 30.99 points to close at 71,386.21 and Nifty gained 31.85 points to close at 21,544.85 mark.

BSE Sensex started trading higher than previous closing at 71,770.91 mark and then continued to trade between 71,307.27 to 72,035.47 range. Index has started with several big stocks performing higher than the previous sessions. But they bowed down to selling pressure almost all the gains. Hence, BSE ended the trading session at 71,386.21 by gaining 30.99 points.

Stock Markets losses gains due to selling pressure
Stock Markets losses gains due to selling pressure

Nifty Sensex started trading at 21,653.60 mark and it hit highest for the day at 21,724.45. Nifty50 hit the lowest at 21,517.85. Index started high and then kept trading in green all day. But traders went into overdrive with selling pressure and lost gains too. Hence, Nifty50 ended by gaining 31.85 points on 21,544.85.

Indian Rupee traded at Rs.83.13 against US Dollar on 09th January, 2024. Hero Motors, Adani Ports, SBI Life Insurance, Apollo Hospitals, Adani Enterprises have gained heavily in Stock Markets. International Markets trading contributed to the gains during this session. Well, now it is up to the upcoming trimester results that we can see the trends locked either up or down.

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