Stock Markets has crashed once again on 30th January, 2024. Traders have been circumspect as Government set to release interim budget and US Federal Reserve also to announce new interest rates. International Stock Markets have also did not start or end with positive enthusiasm. Hence, BSE lost 801.67 points to close at 71,139.90 and Nifty lost 215.50 points to close at 21,522.10 mark.
BSE Sensex started trading at 72,000.20 mark and then continued to trade between 72,142.23 to 71,075.72 range. Index started off with slight gains but within an hour traders started selling off big stocks. Huge selling pressure as resulted in losses upto 900 points. Hence, BSE ended the trading session at 71,139.90 by losing 801.67 points.
Nifty Sensex started trading at 21,775.75 mark and it hit highest for the day at 21,813.05. Nifty50 hit the lowest at 21,501.80. Index started above 21,700 mark and even touched 21,800 points. With big stocks losing huge, the index has ended up with a loss more than 200 points. Finally, Nifty50 ended by losing 215.50 points on 21,522.10.
Indian Rupee traded at Rs.83.11 against US Dollar on 30th January, 2024. Reliance, ITC, Bajaj Finance faced major selling pressure. Titan, UltraTech Cement, Bajaj Finserv have also lost huge in Stock Markets. Tata Motors, SBI, Hindustan Unilever, Powergrid Corporation, Tech Mahindra have made profits. Experts state that large spectrum Volatility will continue further too!
Nitish Kumar’s decision leaves INDIA alliance high and dry!