Due to mixed global cues, the stock market closed on the green mark on Monday, the first trading day of the week. The Bombay Stock Exchange's flagship index Sensex closed at 52,551.53 with a gain of 76.77 points (0.15 percent). On the other hand, the Nifty of the National Stock Exchange closed at 15,811.85 with a gain of 12.50 points, or 0.08 percent. This is the highest level of market closing. However, smallcap and midcap indices closed on the red mark. Last week, the 30-share BSE Sensex had gained 374.71 points or 0.71 percent.
The market will be affected by these factors this week
The direction of domestic stock markets this week will depend on inflation data, immunization stance, and the opening up of the economy after the curbs. Market participants will also await the monetary policy review of the US central bank, the Federal Reserve. The market is expecting the US central bank to continue with its stimulus measures. Inflation data for the month of May will also be released this week. Today the government has released the inflation data based on the Wholesale Price Index. Retail inflation data will also be released soon. At the same time, analysts said that Brent crude oil prices, rupee volatility, and foreign institutional investors' attitudes will also decide the direction of the market.
condition of big stocks
Talking about the big stocks, today the shares of Tata Motors, Divis Lab, Bajaj Finance, Reliance, and Wipro closed on the green mark. On the other hand, shares of Coal India, Adani Ports, Kotak Bank, HDFC, and NTPC closed on the red mark.
Keeping an eye on the sectoral index
Looking at the sectoral index, today all sectors except PSU Bank, IT, and FMCG closed on the red mark. These include auto, pharma, metal, finance services, banks, private banks, realty, and media.
Five of the top 10 companies of the Sensex benefited
Last week, the market capitalization of five of the top 10 Sensex companies increased by Rs 1,01,389.44 crore. IT sector companies Tata Consultancy Services (TCS) and Infosys were the biggest gainers. While the market capitalization of Reliance Industries, TCS, Infosys, Hindustan Unilever Limited, and Bajaj Finance increased in the week under review, the market capitalization of HDFC Bank, HDFC, ICICI Bank, State Bank of India, and Kotak Mahindra Bank declined.
The market was open on the red mark
The Sensex opened at 52420.59 with a fall of 54.17 points (0.10 percent) in early trade. On the other hand, Nifty opened at 15760 levels with a fall of 39.40 points (0.25 percent).
Sensex-Nifty closed sharply on Friday
The stock market closed at a record high on Friday after a day of volatility. The Sensex closed at 52474.76 with a gain of 174.29 points (0.33 percent). On the other hand, Nifty closed at 15799.35 with a gain of 61.60 points or 0.39 percent.