Domestic bourses closed strongly at the end of the week, Sensex gained 242 points, Nifty crossed 21330

Share Market: The domestic share market closed strongly in the last session of the week. The Bombay Stock Exchange (BSE) index Sensex ended the session on Friday by 241.86 points to close at 71106.96. Similarly, the National Stock Exchange (NSE) Nifty also rose 94.35 percent to close at 21,349.40. Nifty Bank, however, saw a decline of 348.3 points. According to Moneycontrol, Adani Ports, Hindalco Industries, Tata Steel, Divis Lab, Adani Enterprises were the top gainers, while Infosys, IndusInd Bank, HDFC Bank, Ultratech Cement and TCS Engineers were the top losers.

There is positive sentiment among investors
According to the news, recently the domestic market sentiment has been overall positive due to healthy macroeconomic trends. Moreover, inflation is decreasing globally. Investors have become more positive after the US Federal Reserve’s statement that it will not raise interest rates now. Mid and small caps outperformed the benchmark Sensex. The BSE Midcap and Smallcap indices gained 0.74 percent and 1.04 percent respectively.

According to the news, shares of pharma and diagnostic companies rose up to 8 percent as some cases of Corona came to light. We tell you, on Friday 640 cases of infection with a new type of covid called JN.1 have been reported in India. This sent many stocks hitting 52-week highs during trading on Friday.

Weekly market position
In the stock market, Sensex and Nifty fell by almost half a percent during the week. The BSE Midcap index fell by around one per cent. The BSE Smallcap index has fallen by around 0.2 percent this week. The total market capitalization of BSE-listed companies rose to around Rs 356.7 lakh crore from around Rs 354.1 lakh crore in the previous session. With this, investors made capital of over Rs 2.6 lakh crore in a single session.