Today, on the first trading day of the week i.e. Monday, the stock market closed at a flat level. The Bombay Stock Exchange's flagship index Sensex closed down 63.84 points, or 0.13 percent, at 48718.52. At the same time, the National Stock Exchange's Nifty closed at a level of 14634.15 with a slight rise of 3.05 points, or 0.02 percent. The Sensex had risen by 903.91 points, or 1.88 percent, in the previous week.
This week, the market will be determined by these factors
The movement of the country's stock markets during the week will be determined according to the situation on the Kovid-19 front, macroeconomic data, quarterly results of the companies, and trends created globally. Analysts believe so. He believes that the state assembly election results will hardly have any impact on the market but the developments in the Kovid-19 front during the week and the central and state government's strategy to deal with this situation will have an impact on the market.
Global markets also fall
On Friday, all US markets also closed with a fall. The Dow Jones was down 185.51 points at 33,874.90, down 0.54 percent. The Nasdaq closed down 119.86 points at 13,962.70, down 0.85 percent. Markets in France and Germany also closed with a fall. Talking about Asian markets, Japan's Nikkei index is trading down 281 points at 28,812. China's Shanghai Composite Index declined 28 points to 3,446. Hong Kong's Hangseng Index is trading down 450 points at 28,225.
Such was the situation of veteran shares
Talking about the big stocks, today the shares of SBI Life, Bharti Airtel, Tata Steel, Adani Ports, and Maruti closed on the green mark. Shares of Titan, IndusInd Bank, Reliance, Axis Bank, and BPCL closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, today IT, FMCG, metal, auto, and pharma closed on the green mark. Media, PSU banks, pharma, realty, private banks, banks, and financial services are on the red mark.
Seven of the top 10 companies jumped in market capitalization
The market cap of seven companies among the top 10 most market capitalized companies of the country registered a strong growth of 1,62,774.49 crore last week. Reliance Industries Limited and Bajaj Finance have contributed the most to this. During this period, Reliance Industries, Infosys, Hindustan Unilever, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, and State Bank gained. The market capitalization of Tata Consultancy Services, HDFC Bank, and HDFC has declined.
The market was open on the red mark
In early trade, the Sensex opened at a level of 48177.78 with a steep fall of 604.58 points (1.24 percent). The Nifty opened at 14459.20, down 171.90 points, or 1.17 percent.
The stock market closed on the red mark on Friday
On Friday, the BSE Sensex closed down by a whopping 983.58 points. The domestic market was affected by the rapid increase in the number of Kovid-19 infected in the country and the decline in Asian markets. The index dipped by 1.98 percent to close at 48,782.36. Similarly, the Nifty fell 263.80 points, or 1.77 percent, to close at 14,631.10.