Stock Markets plunges to huge losses on 8th January, 2024. Traders have been highly circumspect about investing into the stocks. As Tech companies are going to release trimester results, they wanted to wait and invest post the results have been announced. International Stock Markets also did not help them. Hence, BSE lost 670.93 points to close at 71,355.22 and Nifty lost 197.80 points to close at 21,513.00 mark.
BSE Sensex started trading higher than previous closing at 72,113.25 mark and then continued to trade between 72,181.77 to 71,301.04 range. Index started higher but immediately started declining into the lows. It kept freefalling and ended losing huge holds. Hence, BSE ended the trading session at 71,355.22 by losing 670.93 points.
Nifty Sensex started trading at 21,747.60 mark and it hit highest for the day at 21,763.95. Nifty50 hit the lowest at 21,492.90. Index started high but did not find the support of traders for big stocks. As the freefall continued they ended up losing upto 200 points. Hence, Nifty50 ended by losing 197.80 points on 21,513.00.
Indian Rupee traded at Rs.83.15 against US Dollar on 8th January, 2024. Adani Sports, HCL Tech, ONGC, Hero Motors, Powergrid Corporation shares have registered gains. Stock Markets will look to recover from these losses as the trimester results would be coming out. Traders will be looking forward for the results, closely.