MUMBAI: The domestic stock market, which recorded an increase last week, will also have an impact on the cases of corona virus covid-19 infection and the ongoing efforts in the world to deal with it. Apart from these, economic data to be released next week, trends of foreign institutional investors, rupee movement, fluctuations of crude oil prices in the international market and global scenario will also keep an eye on the investors.
The stock market had a stormy rally last week and the BSE Sensex rose by a weekly gain of 1745 points to 43,637.98 points and the National Stock Exchange (NSE) Nifty jumped 516.70 points to 12,780.25 points.
During the period under review, medium and small companies also witnessed buying. The midcap of BSE rose 3.6 percent to 15,975.25 points during the week as investors opened up. The smallcap also gained 3.93 percent to 15,770.20.
Market analysts say that in view of increasing cases of Kovid-19 infection, the lockdown imposed in European countries will have an impact on the domestic stock market. In addition, the development of the corona vaccine and its availability in the market will further affect investors.
The wholesale price index data is due to be released next week, which will affect investment sentiment.
