New Delhi. Last week, the stock market witnessed dramatic ups and downs. After the exit polls, Sensex and Nifty saw a huge surge. But, when the actual results of the Lok Sabha elections were announced, they did not match the exit polls. Hence, there was an earthquake in the stock market. Crores of rupees of investors were lost. However, the matter of relief was that overall the trading week closed with a gain. The losses of the investors were also compensated.
Which factors will be in focus this week?
- The stock market had recovered from its losses after getting indications of the return of the Modi government. Now, after the swearing-in ceremony of PM Narendra Modi, the market may again witness a period of boom.
- The stock market will also keep an eye on the distribution of ministries. Which ministries does BJP give to its alliance partners? The market can react to that too.
- Industrial production data will be released on June 12. Then inflation related data will also come. Import-export data will be released on June 14. The market can react to these too.
- The results of the Federal Reserve's policy meeting will be out on Friday. Along with foreign investors, Indian investors will also be keeping an eye on the meeting to see what decision is taken on the reduction in interest rates.
How was the market last week?
Last week, the BSE Sensex gained 3.7 percent on a weekly basis. Nifty closed 3.4 percent stronger. On the last day of the week, i.e. Friday, RBI announced its monetary policy and the stock market rejoiced with that decision. Sensex closed 1,618.85 points (2.16 percent) stronger and NSE Nifty closed 468.75 points (2.05 percent) stronger at 23,290.15 points.
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