Due to the decline in the cases of COVID-19 for the last almost a month, the domestic stock markets recorded the fourth consecutive weekly gain last week and closed at new record levels. In the coming week, along with the pace of infection and vaccination of the epidemic, investors will also be watching inflation data. The retail and wholesale inflation data for May is to be released on Monday. Inflation is expected to increase in May due to the rise in fuel prices.
Apart from this, the meeting of the US Federal Reserve will also have an impact on the market. The Fed will issue a statement on monetary policy on Wednesday after a two-day meeting.
In the last week, three out of five trading days, the Sensex was up, while Tuesday and Wednesday saw a decline. BSE’s 30-share sensitive index Sensex closed at 52,474.76 points, up 374.71 points, or 0.72 per cent, during the week. The Nifty of the National Stock Exchange also stood at a record level of 15,799.35 points at the end of trading on Friday with a weekly gain of 129.10 points, or 0.82 percent.
Buying was more intense in medium and small companies. Of these, except Wednesday, the remaining four days were of growth. BSE Midcap rose 416.34 points, or 1.85 per cent, weekly to reach a record high of 22,927.83 points and Smallcap 854.40 points, or 3.52 per cent, to reach a record high of 25,116.30.