RBI’s monetary policy review will decide the stock market move

Rupee weakened due to RBI surprise announcement

MUMBAI: The domestic stock market recorded an upward trajectory last week amid rising concerns over the week-end rise in key indicators of the Schwick level and the rise in new cases of Corona. Due to this, however, the stock market had seen a huge decline during the last two weeks.

The 30-share Sensex index of the BSE surged 1021 points to 505029.83, crossing the fifty thousand mark and the National Stock Exchange (NSE) Nifty also gained 360 points to close at 14,867 points during the previous week. happen.

The BSE Midcap index gained 546 points to reach 20,516.40 points, up 20 thousand points from the previous week and the Smallcap index rose 219.071.69 points to 1009 points. Both indices had declined in the previous weeks.

Analysts say the stock market move next week will be decided according to the Reserve Bank of India (RBI) monetary policy review and global developments.

Leave a Reply

Your email address will not be published. Required fields are marked *