Market Direction: The BSE Sensex jumped 1.41 percent, or 439.02 points, to end at 31,360.63, following the induction of commodity and service tax (GST) across the country, and monsoon rains in June. During the week it also created a new record of the closed level so far.
The Nifty of the National Stock Exchange also closed at 9,665.80 points, up 1.52 percent, or 144.90 points. Medium and small companies have left behind big companies too. B.SE The mid-cap was able to make an increase of 2.03 percent and Smallcap 2.72 percent during the week.
Due to inflation data, market direction will be decided
In the coming weeks, the market moves will depend on inflation and industrial production figures and quarterly results of some giant companies. On Wednesday, official statistics of the industrial production and retail inflation of June were to be released. Friday morning wholesale inflation figures will come up. Besides, on Thursday, the country’s largest information technology company TCS, Infosys on Friday and the first quarter results of Kotak Mahindra Bank will be released on Saturday. Apart from this, the results of IndusInd Bank and South Indian Bank are also coming on Tuesday. All of them will see the impact on the market.