Nifty rose 3-3 percent in 7 days!!!
The domestic stock market is once again back on the rally path. During the past week, major domestic indices like BSE Sensex and NSE Nifty rose well. Thus, the market remained profitable for the second consecutive week. Before that, after the rally was halted, the market fell for two consecutive weeks.
Slight rise on the last day of the week
On the last day of the week, 23 august, the BSE Sensex closed at 81,086.21 points with a slight rise of 33.02 points (0.041 percent) in the domestic stock market. During the week, the Sensex gained about 650 points (0.80 percent). On the other hand, the NSE Nifty index closed at 24,823.15 points on friday with a gain of 11.65 points (0.047 percent). In the last seven days, the Sensex and Nifty have gained more than 3-3 percent.
The market is still so much below the lifetime high
Despite being in profit for two consecutive weeks and rising more than 3-3 percent in the last 7 trading days, the domestic market is still below its high level. The lifetime high level of the BSE Sensex is around 82,130 points, while the all-time high level of the Nifty is 25,078 points.
GDP figures to come on Friday
The week starting from august 26 is going to be sensitive for the market. GDP figures are going to be released during the week. GDP figures for the june quarter will be released on friday, august 30. Monthly in the derivative segment i.e. futures and options Expiry will also have an impact on the market. Market activities are going to remain brisk during the week. 8 IPOs including 2 mainboard are being launched in the market in the next 5 days, while 8 new shares are also going to be listed.
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