Last week was wonderful and full of achievements for the domestic stock markets. Although there was no tremendous rally in the market, but even after this, both the major indices i.e. BSE Sensex and NSE Nifty managed to reach new highs in their history. After this, now the new business week is going to start from Monday 19th June.
Sensex made this new record
Before moving forward, let’s get to know the condition of the last week very well. On Friday, the 30-share BSE Sensex and the National Stock Exchange’s Nifty closed at their all-time high (Share Market Lifetime High). During the last week, the BSE Sensex gained 758.95 points, or 1.21 percent. On Friday, the Sensex climbed 466.95 points, or 0.74 percent, to close at a record level of 63,384.58 points. This is the new highest level of closing in the history for Sensex.
Nifty also new lifetime high
Earlier, on December 1, 2022, the Sensex had closed at a level of 63,284.19 points. Similarly, the Nifty climbed 137.90 points, or 0.74 percent, to close at a new record of 18,826. The previous record level of Nifty was 18,812.50 points. In this way, both the major indices created a new record during the last week.
All these factors will affect the speed
Talking about the new week, during this time the direction of the stock markets will largely be influenced by the trend of the global stock markets, the trend of foreign investors and the movement of the monsoon. Apart from this, investors’ eyes will also be on the fluctuations of the rupee and the prices of crude oil. How will be the progress of monsoon in the coming days, it will also have a big impact on the market. At the same time, the risk of profit-booking by investors will continue to loom as new record highs are reached. It is often seen that selling is encouraged when the market reaches a higher level.
Help received from them during the past week
The US central bank Federal Reserve has not raised interest rates, which strengthened the sentiment in the local market. Apart from this, positive global cues and buying by foreign investors have also helped the market.
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