The stock market opened strongly today. BSE 30-stock key sensitive index Sensex opened at 13,331.38 on Monday with a gain of 131.33 points. At the same time, the National Stock Exchange’s 50-stock key sensitive index opened at Nifty at 15,725. After a while, the market began to show pressure. In the early trade, the Nifty traded at 15707 level with a gain of 37 points. On the other hand, the Sensex rose 27.39 points. 52,127.44 Was level.
The market move may be the same this week
Covid-19 infection trends, vaccination speed and global factors determine the direction of stock markets this week. Apart from this, there is no such development on the domestic front, which could lead to markets being analyzed, analysts said. Religious broking vice president of research Ajit Mishra said, “Market participants monitor weekly monsoon progress, with industrial production (IIP) data coming up on June 11. The market expects states to loosen restrictions with a view to reducing the incidence of infections.” Large companies such as BHEL and DLF are expected to report quarterly results, with industrial production figures coming to a close on Friday, as well as quarterly results from Union Bank of India, Petronet LNG and NHPC.
Geojit Financial Services Opinion
Vinod Nair, head of Geojit Financial Services Research, said, “The market will maintain its belligerent ability in the short term in the short run as Kovid-19 cases are down. April’s manufacturing and industrial production figures are coming up this week.
Reliance Securities Estimate
“Investors will keep track of infection cases and vaccinations in the near future,” said Vinod Modi, head of strategy at Reliance Securities. Nirmali Shah, head of equity research at Samco Securities, said: “Indian markets are expected to react to the volatility of commodities and stocks globally.
Three of the five days were fast
The stock market was bullish in three out of five trading days last week. The BSE Sensex ended the week with a gain of 677.17 points or 1.32% at 52,100.05. The National Stock Exchange’s Nifty also rose by 234.60 points, or 1.52 per cent, to close at 15,670.25 points on Friday. Purchasing was more intense in medium and small companies. BSE midcap rose 849.66 points, or 3.92 per cent, to a record high of 22,511.49 points and Smallcap reached 782.21 points, or 3.34 per cent, at the weekend’s high of 24,261.90.