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A positive sentiment is expected to remain in the stock markets this week as well. However, due to the high valuation, there may be some profit-booking in the week of small trading sessions. Analysts have expressed this opinion.
He said that in the absence of any major development on the domestic front, this Weekly market direction is mainly global Will be determined by the trend. Markets will be closed on Friday on Ganesh Chaturthi. Industrial Production (IIP) figures are due on Friday. However, there will be no trading in the stock markets on that day.
The 30-share BSE benchmark Sensex had gained 2,005.23 points, or 3.57 per cent, last week. The Sensex crossed the 58,000 mark for the first time on Friday and closed at 58,129.95. The Sensex has moved between 57,000 and 58,000 points in just three trading sessions. The Sensex has gained more than 9 per cent in the last month. So far this year, the Sensex has gained 10,378.62 points, or 21.73 per cent.
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