Market Outlook: Will Rains Wash Out Stock Market’s Record Rally? Know how the market will be this week

The local stock market is witnessing a record rally these days. The market is constantly setting new records. Last week was also amazing and full of achievements. Both the major indices namely BSE Sensex and NSE Nifty managed to touch new all-time highs on Friday. On the other hand, if we look at the state of the country, due to continuous rains, there is a lot of damage in many parts and at the same time, the condition of common people is becoming miserable due to record inflation. Vegetables In this situation, the new week starting from Monday can prove interesting for the market.

BSE This new record of Sensex

Friday. , the 30-share BSE Sensex and the National Stock Exchange’s Nifty closed at their all-time highs (share market lifetime highs). The BSE Sensex gained 780.45 points or 1.19 percent during the last week. The Sensex closed at 66,060.90 points on Friday. This is the first time that the Sensex has closed above the 66 thousand mark. It touched a record high of 66,159.79 points during the day’s trading. This is a new all-time high for the Sensex.

Nifty index reached here

The Nifty closed at 19,564.50 points during the last week. This is also Nifty’s highest closing level. During Friday’s trading, it climbed to 19,595.35 points, a new all-time high for the Nifty. Thus Sensex and Nifty have created new records during the last week.

Upcoming results of these companies

Talking about the new week, the trend of global stock markets during this time, The trend of foreign investors and the quarterly results of companies will affect the direction of the stock market to a large extent. During the new week, companies like Central Bank of India, HDFC Bank, IndusInd Bank, Hindustan Unilever, Infosys, Ashok Leyland, DLF, JSW Steel, Hindustan Zinc and Reliance Industries are due for quarterly results. Apart from this, investors will also keep an eye on rupee fluctuations and crude oil prices.

Impact of rains and vegetable prices

Incessant rains at the local level and prices of other vegetables including tomatoes. Fire can also affect perception. Many states of the country have suffered a lot of damage due to heavy rains. A loss of approximately 8000 crore rupees has been expressed in Himachal Pradesh alone. The Meteorological Department has expressed the possibility of heavy rains in the coming days as well. With this, the prices of tomatoes are skyrocketing. In many places the price of tomatoes has reached Rs 250 per kg.

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