new Delhi. Advances in the vaccination of the Kovid-19 epidemic kept the momentum in the stock markets in the last week and the Sensex and Nifty continued to hit new record levels. The continuation of the market is expected to continue in the coming week. The government has started a dry run of vaccination of Kovid-19. This has given hope to the investors that the economy will be back on track soon.
Two vaccines approved
The Serum Institute and Bharat Biotech vaccine have been approved by the Drug Controller General of India. After which the corona vaccination campaign in the country is expected to start soon. Companies say the Corona vaccine is up to 110 percent safe. On the other hand, Adar Poonawala, CEO of Serum Institute of India, said on Sunday that India’s first Kovid-19 vaccine campaign will be launched in the coming weeks. Poonawala said that SII had taken a big risk to make the vaccine, but now it seems that the decision was right. In such a situation, if the experts are to be believed, this is expected to bring positive changes in the economic conditions of the country. Due to all these reasons, the stock market may see a boom.
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There was a boom in the market last week
The 30-share BSE Sensitive Index Sensex gained 895.44 points or 1.91 percent to close at 47868.98 points on the weekend amid strong investment sentiment. The National Stock Exchange’s Nifty was also at 14018.50 points, a weekly increase of 269.25 points, or 1.96 per cent. The Sensex gained momentum on all the five trading days of the week, while the Nifty saw a slight decline of 0.20 points on Thursday and surged for the remaining four days. Investors in medium and small companies bought more. BSC’s midcap climbed 2.76 percent to 18164.48 points on the weekend and Smallcap gained 3.31 percent to 18261.03 points.