Stock Markets crashed again on 19th March 2024. International Stock Markets, mainly Asian ones have ended with huge losses and that had a huge effect on Indian IT company stocks. Big stocks like Reliance Industries, TCS, Wipro and HCL tech have ended with huge losses. As a result, BSE lost 736.38 points to close at 72,012.05 and Nifty lost 238.25 points to close at 21,817.45 mark.
BSE Sensex started trading at 72,462.94 and then continued to trade between 72,490.09 – 71,933.35. Index started below the previous closing and went below 71,950 at one time. Throughout the session, the index never looked like recovering all the lost points but at one time lost over 800 points. Lastly, BSE ended the trading session at 72,012.05 by losing 736.38 points.
Nifty Sensex started trading at 21,946.45 mark and it hit its highest for the day at 21,978.30. Nifty50 hit the lowest at 21,793.10. Index never looked like recovering after starting below 22,000 mark. After a long time, the index has traded below 22,000 mark and big stocks never recovered. Hence, Nifty50 ended by losing 238.25 points on 21,817.45.
Indian Rupee traded at Rs.83.03 against US Dollar on 19th March, 2024. TCS, IndusInd Bank, Nestle India, HCL Technology, Wipro ended up being Top Losers. Bajaj Finance, Kotak Mahindra, ICICI Bank, Bharati Airtel, HDFC Bank shares have ended up as Top Gainers. Investors seem to have been highly circumspect and US Federal reserve new announcements can only save this week.
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