A record rally is being seen in the domestic stock market these days. The market is continuously making new records. Last week was also wonderful and full of achievements. Both the major indices i.e. BSE Sensex and NSE Nifty managed to reach new all-time highs on Friday. On the other hand, if we look at the situation in the country, due to continuous rains, there is a lot of damage in many parts and at the same time, the condition of the common people is getting worse due to the record inflation of vegetables. In such a situation, the new week starting from Monday can prove to be interesting for the market.
This new record of BSE Sensex
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 780.45 points or 1.19 percent. The Sensex closed at 66,060.90 points on Friday. This is the first time the Sensex has closed beyond the 66 thousand mark. It reached a record high of 66,159.79 points during the day’s trading. This is the new highest level in the history of Sensex.
Nifty index reached here
The Nifty closed at 19,564.50 points during the last week. This is also the highest closing level of Nifty. During Friday’s trading, it climbed up to 19,595.35 points, which is the new all-time high level for Nifty. In this way, both Sensex and Nifty made new records during the last week.
Coming results of these companies
Talking about the new week, during this time the trend of global stock markets, trends of foreign investors and quarterly results of companies will affect the direction of stock markets to a great extent. During the new week, quarterly results of companies like Central Bank of India, HDFC Bank, IndusInd Bank, Hindustan Unilever, Infosys, Ashok Leyland, DLF, JSW Steel, Hindustan Zinc and Reliance Industries are going to come. Apart from this, investors’ eyes will also be on the fluctuations of the rupee and the prices of crude oil.
Effect of rain and prices of vegetables
At the domestic level, incessant rains and fire in the prices of other vegetables including tomatoes can also affect the perception. In many states of the country, there has been a lot of loss of life and property due to heavy rains. In Himachal Pradesh alone, the possibility of loss of about Rs 8000 crore has been expressed. The Meteorological Department has expressed the possibility of heavy rains in the coming days as well. Along with this, the prices of tomatoes remain on the sky. In many places, the prices of tomatoes have reached Rs 250 per kg.
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