In the last session of the week, the Sensex (Sensex) fell by 487.43 points, or 0.95 per cent, to close at 50,792.08 from the previous session, due to heavy selling pressure on Friday.
The stock market of the country traded amid heavy fluctuations this week, but the major sensory indices recorded an increase compared to the previous week. During the week, three sessions out of the four trading sessions gained momentum, while in the last session there was heavy selling pressure. The 30-share Sensex Sensex based on the Bombay Stock Exchange (BSE) closed at 50,792.08, up 386.76 points or 0.77 per cent over the previous week. At the same time, the Nifty, a sensitive index based on 50 stocks of the National Stock Exchange (NSE), gained 92.85 points, or 0.62 per cent, to close at 15,030.95 over the previous week.
The BSE Midcap index closed at 20,577.21, down 10.59 points, or 0.05 per cent, from the previous week, while the Smallcap index closed 273.05 points or 1.30 per cent higher at 21,209.07 over the previous week.
Week starts with ups and downs
The week started on Monday with a steep rise and amid heavy fluctuations, the Sensex climbed just 35.75 points to 50,441.07 from the previous session, while closing 18.10 points at 14,956.20. The domestic stock market was also undergoing strong foreign cues in the second session of the week. The Sensex closed at 51,025.48, up 584.41 points, or 1.16 per cent, from the previous session on Tuesday, and the Nifty gained 142.20 points or 0.95 per cent to 15,098.40 from the previous session.
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The boom continued in the third season as well
This series of momentum continued for the third consecutive season on Wednesday. The Sensex gained 254.03 points, or 0.50 per cent, to close at 51,279.51 from the previous session, while the Nifty gained 76.40 points or 0.51 per cent to 15,174.80 from the previous session. Due to the Mahashivratri holiday, trading on the domestic stock market remained closed on Thursday.
Heavy selling in the last season
In the last session of the week, under heavy selling pressure on Friday, the Sensex closed down 487.43 points, or 0.95 per cent, at 50,792.08 from the previous session, while the Nifty declined 143.85 points or 0.95 per cent from the previous session to 15,030.95. Market experts believe that the stock market is likely to continue to fluctuate in the next week. In such a situation, investors should formulate an investment strategy thoughtfully.
On the other hand, according to inflation data released on Friday by the National Statistics Office (NSO) under the Ministry of Statistics and Program Implementation, the country’s retail inflation reached 5.03 percent during February, which was 4.06 percent in January. Food and drink inflation was the highest in the country. At the same time, the country’s industrial production again declined in January this year. Industrial production declined by 1.6 percent in January.