The effect of GDP figures will be seen on the stock market
Due to the decrease in the number of Covid-19 cases, investors will keep an eye on Covid’s graph as well as GDP figures in the coming week after the second consecutive weekly rise in domestic stock markets last week. The gross domestic product (GDP) figures for the fourth quarter of the financial year 2020-21 and the full financial year are to be released on Monday. There is bound to be a fall in GDP due to the pandemic. The point to be seen is how much this decline is and how much improvement is seen in the fourth quarter.
Last week was good for investors. The National Stock Exchange’s Nifty was in gains for all five trading days. During the whole week, it gained 260.35 points, or 1.72 per cent, to close at the historical record level of 15,435.65.
The 30-share sensitive index Sensex of BSE also rose by 882.40 points, or 1.75 per cent, to 51,422.88 points, its highest level in nearly three months. Except for Tuesday, it was fast for four days.
The midcap index of mid-sized companies closed at 21,661.83 points with a gain of 176.08 points, or 0.82 percent. The smallcap index of small companies rose by 348.29 points, or 1.51 percent, to 23,478.69 points weekly. Midcap and Smallcap also reached historic highs on Thursday, though declined on Friday.
