Mumbai: The domestic stock market, recovering from the fall, reached a new record level last week. In the coming week, the outlook of investors is likely to be largely influenced by the foreign markets. Along with this, the impact of the situation of Kovid-19 at the domestic level will also be visible on the market.
The BSE Sensex closed at a record high of 52,925.04 points on Friday on the weekend with a weekly gain of 580.59 points, or 1.11 per cent. During this, the market continued to rise for the remaining four days except Wednesday. In mid-trade on Tuesday, it crossed the 53 thousand mark for the first time and also managed to touch the peak of 53,057.11 points.
The Nifty of the National Stock Exchange declined on Monday and Wednesday. It closed in gains for the other three days. It closed at 15,860.35 on Friday, up 177 points or 1.13 points during the entire week.
At the domestic level, data for the basic eight industry sectors are due this week. Apart from this, PMI data for the manufacturing sector is also to be released. Investors will also be watching the cases of Kovid-19.
Investor confidence was high in medium and small companies. BSE Midcap rose 311.44 points, or 1.40 percent, to 22,549.65 on the weekend and Smallcap rose 347.40 points, or 1.41 percent, to 24,996.23. Barring Wednesday and Thursday, both the indices remained in gains for the remaining three days.
