Stock Markets recovered from huge losses yet crashed again on 06th August. After the huge crash on 5th August, with Asian markets performing well, indices started off well. Investors showcased interest in big company stocks at low rates. While indices recovered and looked like restoring positivity, investors went for profit booking.
Going into the details. BSE Sensex raced from the start and recovered 900 points at one point intraday touching 79,852 mark. With profit booking, it slid down by 1300 points towards end. Nifty50 also showcased similar trend and ended below 24,000 mark. Finally, Big indices of Stock Markets, BSE lost 166.33 points to close at 78,593.07 and Nifty50 lost 63.05 points to close at 23,992.55 mark.
In this session of Stock Markets, BSE Sensex started trading above previous closing at 78,981.97 and then continued to trade between 79,852.08 – 78,496.57. On the other hand, Nifty Sensex started trading above previous closing at 24,189.85 mark and it hit its highest for the day at 24,382.60. While Nifty50 hit the lowest at 23,960.40.
Indian Rupee traded at Rs.83.92 against USD on 06th August 2024. Tech Mahindra, Larsen & Toubro, HCL Technologies, Hindustan Unilever, and Wipro ended as Top Gainers in Sensex. Britannia Industries, JSW Steel, Tech Mahindra, Larsen & Toubro, and LTI Mindtree ended as Top Gainers in Nifty50.
On the other hand in top indices of Stock Markets; Mahindra & Mahindra, State Bank Of India, Bharti Airtel, HDFC Bank, and Bajaj Finance stocks ended as Top Losers in Sensex. While HDFC Life Insurance Company, SBI Life Insurance Company, Bharat Petroleum Corporation, Shriram Finance, and State Bank Of India ended as Top Losers in Nifty50.
