Stock Markets crashed again on 8th August after previous session recovery. Intially, investors showcased great interest in big stocks and markets held on to the momentum. But as the session progressed, indices had strong negative effect due to losses in Asian markets. Hence, again markets crashed unable to hold on to gains.
Going into the details, benchmark indices had a flat start. With RBI’s announcement to not change the interest rates, big stocks performed better. But intraday losses resulted in BSE valuation to reduce by 3 Lakh crores in one session. Finally, Big indices of Stock Markets, BSE lost 581.79 points to close at 78,886.22 and Nifty50 lost 180.50 points to close at 24,117.00 mark.
In this session of Stock Markets, BSE Sensex started trading similar to previous closing at 79,420.49 and then continued to trade between 79,626.92 – 78,798.94. On the other hand, Nifty Sensex started trading similar to previous closing at 24,248.55 mark and it hit its highest for the day at 24,340.50. While Nifty50 hit the lowest at 24,079.70.
Indian Rupee traded at Rs.83.95 against USD on 08th August 2024. Tata Motors, HDFC Bank, Bharti Airtel, ITC, Indusind Bank ended as Top Gainers in Sensex. HDFC Life Insurance Company, Tata Motors, SBI Life Insurance Company, HDFC Bank, Cipla ended as Top Gainers in Nifty50.
On the other hand in top indices of Stock Markets; Asian Paints, Infosys, Power Grid Corporation Of India, Larsen & Toubro, Ultratech Cement stocks ended as Top Losers in Sensex. While LTI Mindtree, Grasim Industries, Asian Paints, Infosys, Power Grid Corporation Of India ended as Top Losers in Nifty50.
