New Delhi. The trading week that ended on June 11 once again proved to be an encouraging week for the Indian stock market. This week, on the strength of 3 days of gain and 2 days of weakness, Bombay Stock Exchange’s Sensex jumped 0.71 per cent, showing overall strength of 374.71 points and closed at 52,474.76 points. Similarly, the Nifty of the National Stock Exchange ended the week trading with a gain of 0.82 per cent, jumping 129.15 points at 15,799.4 points.
Nifty and Sensex set a new all-time high on Friday. During trading on Friday, the Sensex reached a level of 52,641.53 points, which is its highest level yet. Prior to this, the Sensex had reached the level of 52,516 points on 16 February 2021. Similarly, on Friday, Nifty managed to reach the all-time high of 15,835.55 points. Along with this, both the indices also set a new record of all-time high closing level on Friday.
During the trading week from Monday to Friday, the BSE Large Cap Index registered a gain of 1 per cent. Coal India, Power Grid Corporation, NTPC, Piramal Enterprises and Tata Motors performed well in this index. On the other hand, companies like National Mineral Development Corporation (NMDC), Petronet LNG and Havells India showed weakness and registered their names as the top loser shares of the large cap index.
Also read this news:Psychologists revealed, why do the eyes close while kissing?
Similarly, during the trading week ended yesterday, the BSE Midcap index also showed a strong 2 per cent overall. Shares of Tata Power Company, Adani Power, JSW Energy and Crisil of this index performed strongly and wrote their names in the top gainers, while the shares of companies like Adani Green Energy, Adani Enterprises and Voltas included in this index registered a significant decline. Gone.
During the trading of the week, the BSE Small Cap Index showed the highest strength of 3.5 per cent. Leading companies in the small cap index were HCL Infosystems, Jaiprakash Associates, Shree Renuka Sugar, BF Utilities. These companies showed overall strength of over 40 per cent. On the other hand, companies like PNB Gilts, Bank of Maharashtra, Gokuldas Exports, Warrock Engineering and Soril Infra Resources saw a weakness ranging from 8 to 13 per cent in the smallcap index.
If we look at the sectoral business during the week’s trading, Nifty IT index was the strongest performer with a gain of 4.5 per cent. Apart from this, the Nifty Pharma index also gained 2.5 per cent. During this trading week, TCS registered the highest increase in market cap in terms of market capitalisation. Besides TCS, Infosys, Reliance Industries and HCL Tech also saw significant gains in market cap. On the other hand, the market cap of HDFC Bank and HDFC recorded the biggest fall during this trading week.
Also read this news: The groom went missing, the bride married a procession
Stock market experts say that due to strong global cues, continuous decrease in cases of corona infection and increasing pace of vaccination, there was a constant atmosphere of enthusiasm in the market. The market fell for two days due to profit-booking in between, but positive sentiments remained constant in the market.
Also read this news: 980 feet high building suddenly started shaking without earthquake, see how people are running to save lives in viral video
However, market experts also say that in the current boom of the stock market, small investors should be cautious. Investors should be especially cautious about midcap and smallcap indices. The BSE Midcap index has gained 27 per cent so far this year, while the Smallcap index has gained up to 30 per cent. In 2017, the smallcap index saw a 60 per cent rise, but in 2018 the small cap index gave a lot of loss to the investors. Therefore, at this level of strength in the stock market, investors should plan their investments cautiously.
Download app: Download Sanjeevani Today App to read latest news of your city