Despite the weak trend of the global market, the Reserve Bank’s (RBI) decision to keep key policy rates unchanged with the aim of controlling inflation and maintaining the pace of growth kept the stock market on a bullish trend next week due to international factors. Also, the results of the fourth quarter of the companies will be decided.
Last week, the BSE 30-share sensitive index Sensex rose 170.69 points to 59447.18 points on the weekend and the National Stock Exchange (NSE) Nifty rose 126.85 points to 17797.30 points. During this period, small and medium companies grew faster than the giant companies. BSE Midcap jumped 859.8 points to 25303.39 points and Smallcap jumped 1066.38 points to 29765.79 points.
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According to analysts, the week under review was volatile for the stock market but midcap and smallcap stocks witnessed strong gains and the trend is likely to continue. Next week, the results of the last quarter of the last financial year of two giants of the information technology sector, TCS and Infosys, are going to be released, the effect of which will be seen on the market. TCS result will be declared on April 11 and Infosys on April 13. He says that apart from these, global cues, crude oil prices and the attitude of foreign institutional investors will also have an impact on the stock market.