Stock market wrapup: The domestic stock market managed to shut down in the lead this week (3 to 7 February). However, the market declined on Friday (7 February). This week (3 February-7 February), despite a decline in four trading sessions, both major benchmark index Sensex and Nifty climbed 0.46% and 0.33% respectively. Last week, the Sensex closed at 77,500 on Friday, while this week it closes at 77,860. In this way, this week the Sensex has up 360 points on the supportless basis.
Similarly, the National Stock Exchange (NSE) Nifty-50 (Nifty 50) This week (3 February-7 February) closed 52 points on a weekly basis. Last week, the Nifty closed at 23,508 levels. While this week it closed at 23,560, showing a gain of 52 points.
Investors’ assets increased by Rs 105,980 crore
This week the market gains Rs 1.05 lakh crore due to the increase in the market. The market cap of listed companies in BSE was Rs 42,499,887 crore on Friday (31 January). It increased to Rs 42,393,907 crore on this Friday (7 February). Accordingly, the market cap (MCAP) of companies has increased by Rs 1.05 lakh crore.
This week the impact of these trigger points in the market
1. On Monday, global markets declined after US President Donald Trump’s decision to increase tariff duty on imports from Canada, Mexico and China. It also affected the domestic markets.
2. US President Donald Trump’s decision to stop the proposed tariff fee on Mexico and Canada for 30 days saw a positive impact on the stock market.
3. Before the results of the MPC meeting, the cautious stance of investors also harassed the market this week.
4. Apart from this, foreign investors are constantly withdrawing money from the Indian stock market. His series continues. Due to this, market sentiments were affected. According to exchange data, foreign institutional investors (FIIs) sold equity worth Rs 3,549.95 crore on Thursday.
5. The market sentiments have been affected due to indigenous companies being less than expected.