MUMBAI: The domestic stock market is witnessing a seventh consecutive week on the back of the Corona virus vaccine coming to India soon and the boom in the domestic economy and during this period the BSE Sensex is looking desperate for 47 thousand. The stock market is expected to remain strong next week.
Last week, the 30-share BSE Sensex Sensex has been in a sustained week. During the reporting period, the Sensex rose by 1.87 percent, ie 861.68 points to 479,000 points, and stood at 46960.69 points. The Nifty of the National Stock Exchange (NSE) was up 1.83 percent ie 246.70 points at 13670.55 points.
Like the giants last week, buying in small and medium companies continued to be strong, with the BSE midcap rising 1.60 percent ie 179.86 points to 17801.18 points and the smallcap 1.23 percent ie 216.52 points at 17769.10 points.
Analysts say that with the introduction of the corona vaccine globally, markets around the world are seeing a degree of compatibility. Domestically, the government is also arranging for the deployment of people along with the supply of vaccine. Apart from this, the cases of corona are continuously decreasing at the domestic level, which has also given a boost to the market.
He says that the market may continue to gain momentum next week as there is no possibility of any kind of disturbance anywhere at the global level. Eye of the world is set on the Karona vaccine. On the basis of this, the trend of the market is also being decided.
He said that foreign institutional investors have been buying in the domestic market in the past week and it is likely to remain buying even further.
