Mumbai: In the third quarter of the current financial year, with the return of economic activity back on track, the stock market rose by around 2.75 per cent on the back of strong investment holdings.
During this period, investors were strengthened by the stabilization of US bonds and the ongoing immunization campaigns in many countries of the world against the corona epidemic.
The 30-share Sensex Sensex of the BSE closed at 50.405.32, an increase of 1305 points, or 2.66 per cent, over the previous week. The 50-share Sensex Nifty of the National Stock Exchange (NSE) closed at 14,938.10 with a weekly rise of 408.95 points, or 2.81 per cent.
The BSE Midcap index rose 609.15 points to 20,587.80 over the previous week and the Smallcap index closed up 20,936.02 points, up 780.67 points. The stock market also saw a spurt in the sales figures of vehicle companies released on March 1 over the previous year.
On Monday, the Sensex gained 749.85 points to 49,849.84, while the Nifty gained 232.40 points to end at 14,761.55. On Tuesday, the Sensex rose by 447.05 points to cross the 50 thousand mark at 50,296.89 and the Nifty jumped 157.55 to reach 14,919.10 points during this period. On Wednesday, the Sensex gained a long jump of 1,147.76 points to 51,444.65 points and the Nifty increased by 326.50 points to 15,245.60 points after finishing at 15,000.
The Sensex fell 598.57 points to close at 50,846.08 on Thursday and the Nifty fell 164.85 points to 15,080.75, after a spurt in three days of the week. On Friday too, the Sensex declined and fell by 440.76 points to 50,405.32 and the Nifty fell 142.65 points to close at 14,938.10.
