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Friday, January 28, 2022

Share Market Weekly Review: Market affected by second wave of Corona, showing effect on stock market all week

The selling stock in the country’s stock market was under pressure this week due to the outbreak of Corona back in the country and poor foreign signals. However, the domestic stock market also recovered strongly in the last session of the week after the foreign market showed signs of improvement, yet the major sensory indices rose more than one and a half percent on a weekly basis. The Sensex closed above 49,000 and the Nifty also settled above 14,500. The 30-share Sensex Sensex based on the Bombay Stock Exchange (BSE) closed at 49,008.50 on Friday, up 849.74 points, or 1.70 per cent, compared to the previous week’s closing.

The Nifty, a sensitive index based on 50 stocks of the National Stock Exchange (NSE), closed at 14,507.30, up 236.70 points or 1.61 per cent in the last session of the week compared to the previous week. At the same time, the BSE Midcap index gained 74.13 points, or 0.37 percent, to 19,970.37, compared to the previous week, while the Smallcap index gained 1910.58 points or 0.94 percent to 20,278.96 from the previous week.

Beginning of the week with a fall

The upsurge in the domestic stock market continued throughout the week. After heavy fluctuations in the first session of the week, the Sensex fell by just 86.95 points, or 0.17 per cent, to close at 49,771.29 from the previous session, while the Nifty was down by 7.60 points or 0.05 per cent to 14,736.40.

Sensex dropped 871 on Wednesday

However, in the next session on Tuesday, the Sensex gained 280.15 points, or 0.56 per cent, to close at 50,051.44 from the previous session and the Nifty also gained 78.35 points or 0.53 per cent to 14,814.75. In the third session of the week on Wednesday, the Sensex fell 871.13 points to close at 49,180.31 on weak global cues and the Nifty also fell by 265.35 points, or 1.79 per cent, to 14,549.40.

Boom returns in the last trading session

The fourth season of the week continued on Thursday as well. The Sensex lost 740.19 points, or 1.51 per cent, to 48,440.12 from the previous session, while the Nifty closed 224.50 points or 1.54 per cent down at 14,324.90 from the previous session. However, in the last session of the week on Friday, the rally returned and the Sensex gained 568.38 points, or 1.17 percent, to close at 49,008.50, while the Nifty gained 182.40 points or 1.27 percent to 14,507.30.

(IANS input)

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