Stock Markets recovered on 10th May after the big crash on 9th May. After such huge crash, some big stocks have been anticipated to recover. As anticipated, investors started investing in big stocks like ITC, NTPC and that helped the recovery. Hence, BSE gained 260.30 points to close at 72,664.47 and Nifty gained 97.70 points to close at 22,055.20 mark.
BSE Sensex started trading at 72,475.45 and then continued to trade between 72,366.29 – 72,946.54. BSE has lost the most in the big crash on 9th May. It started better than previous closing but continued to lose all gains mid-session. At the lowest, big shares started attracting investors. Hence, BSE ended the trading session at 72,664.47 by gaining 260.30 points.
Nifty Sensex started trading at 21,990.95 mark and it hit its highest for the day at 22,131.30. Nifty50 hit the lowest at 21,950.30. Investors found interest to invest in big stocks after such lows. Index crossed 22,000 mark and kept trading in the same range throughout. Hence, Nifty50 ended the session by gaining 97.70 points on 22,055.20.
Indian Rupee traded at Rs.83.51 against US Dollar on 10th May 2024. NTPC, Powergrid Corporation, JSW Steel, Asian Paints, ITC shares have ended up being Top Gainers. TCS, Infosys, Wipro, HDFC Bank, Mahindra & Mahindra stocks have ended up as Top Losers. After such a big crash, Stock Markets saw small respite to end the week.
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