new Delhi. After more than one per cent rise in the Sensex and Nifty last week, the trend of the domestic stock market in the coming week will depend on the macro-economic data released domestically as well as global movements. The Sensex and the Nifty managed to close in the gains last week due to buying by Reliance Industries as well as IT and tech companies, but the midcap and smallcap indices of mid-sized and small companies saw a weekly decline.
Also read: The report revealed, face masks on Amazon cost 1000 percent and flour 970 percent costlier!
These figures will decide the movement of the stock market
Domestic and wholesale inflation as well as import-export figures are to be released in the coming week. At the same time, the effect of the stir in the stock markets globally will be seen on the domestic markets as well. The two-day meeting of the Monetary Policy Committee of the US Federal Reserve begins on Tuesday. The committee’s assessment of the economy will have an impact on the stock markets around the world.
Also read: Petrol and Diesel will be cheaper, know the biggest reason for this
Reliance shares rose nearly 12 percent
The BSE Sensex climbed 497.37 points, or 1.30 per cent, to end the week at 38,854.55. The National Stock Exchange’s Nifty also gained 130.80 points, or 1.15 percent, to 11,464.45 points. 11.62 per cent weekly growth in the shares of Reliance Industries contributed to this. Both the major indices fell on Tuesday and Wednesday, while the remaining three trading days saw a rise in them.
Also read: Fines imposed on those who flout rules in Delhi Metro, know how much was paid
Decline in small and medium companies
The indices of Majhauli and small companies declined for the first three days and the last two days. The BSE midcap slipped 157.44 points or 1.06 per cent during the week to close at 14,659 points on Friday and the smallcap 44.70 points, or 0.31 per cent, to close at 14,558.27 points.
.