Due to the global turmoil and the rise of domestic corona cases, the stock market has come under pressure, causing the stock market to collapse last week. The 30-share BSE Sensex index fell by 934 points, or 0.59 per cent, to close at 49,858.24, down by over fifty thousand, and the Nifty on the National Stock Exchange traded 14744 points lower.
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The BSE midcap index fell 532 points to 20,044.50 and the smallcap index fell 739 points to 20,470.54 points from the previous week. This has caused the stock market to tumble in the last two weeks. Analysts say the market is not expected to be volatile next week but small investors should be cautious. Foreign investors may sell, resulting in a drop in the week.
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During the period, the stock market fell sharply in the first four days but the Sensex rose by 641.72 points to 49,858 in the emerging domestic equity market. Due to the early decline in power utility, FMCG Metals and Oil & Gas purchasing power, Nifty jumped from 246.15 to 24 points and closed at 14744 points.
