Stock Markets ended flat on 08th February, 2024. Traders did not show much interest in investing stocks even though RBI Governor stated that Inflation would come down in coming days but it stayed at 5.4%. RBI did not increase interest rates but Stock Markets did not perform as anticipated. Hence, BSE lost 723.57 points to close at 71,428.43 and Nifty lost 212.55 points to close at 21,717.95 mark.
BSE Sensex started trading at 72,473.42 and then continued to trade between 72,473.42 – 71,230.62. Index has started off above 72,000 mark. Slowly, it started off the freefall and lost close to 900 points towards the end of the session. With slight recovery, BSE ended the trading session at 71,428.43 by losing 723.57 points.
Nifty Sensex started trading at 21,997.20 mark and it hit its highest for the day at 21,997.20. Nifty50 hit the lowest at 21,673.20. Index has started off flat and they have started dropping off huge. Index has hit the lowest and slightly recovered towards end. Hence, Nifty50 ended by losing 212.55 points on 21,717.95.
Indian Rupee traded at Rs.82.95 against US Dollar on 08th February, 2024. ITC, Kotak Mahindra Bank, ICICI Bank, Nestle India, Axis Bank shares have turned to be biggest losers. SBI, Powergrid Corporation, TCS, HCL Tech, Reliance shares have been biggest gainers. Stock Markets have had a huge bloodbath during this session and we have to see how they recover from this.
Director Parasuram whips the magic again with Nanda Nandana from “Family Star”
