Great rise in the market : Record broken for the third consecutive day, Sensex closed above 58 thousand
Today, the first trading day of the week i.e. on Monday, the stock market closed again at a record level after the day's ups and downs. The Bombay Stock Exchange's flagship index Sensex closed at 58,296.91 with a gain of 166.96 points (0.29 percent). On the other hand, the Nifty of the National Stock Exchange closed at 17,377.80 with a gain of 54.20 points (0.31 percent). This is the highest level of closing of Sensex-Nifty. During trading, the Sensex had reached a high of 58515.85 and the Nifty 17,429.55. The Sensex had gained 2,005.23 points or 3.57 percent in the previous week.
This week these factors will decide the direction
According to analysts, the market is expected to remain positive this week as well. However, there may be some profit-booking in the market due to higher valuations. The direction of the market will be largely determined by the global trend. It is to be known that markets will remain closed on Friday on Ganesh Chaturthi.
At the same time, due to the revival of the economy and vaccination, the market is also expected to remain bullish. According to analysts, volatility in the rupee, Brent crude oil prices, and investment stance by foreign institutional investors will also affect the market.