MUMBAI: The progress in vaccination of the covid-19 pandemic continued in the stock markets in the past week and the Sensex and Nifty have consistently managed to reach new record levels.
The continuation of the market is expected to continue in the coming week. The government has started a dry run of covid-19 vaccination. This has given hope to the investors that the economy will be back on track soon. 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.
