Domestic stocks surged more than one and half percent during the week ended yesterday. Both stocks climbed amid positive cues from the global markets. Investor sentiment remained positive hoping that the Omicron coronavirus variant would be less disruptive for the global economy than initially feared.
At domestic level, the government data showing that 19 out of the 22 high-frequency economic indicators surpassed the pre-pandemic level, also boosted investor sentiment. Markets also welcomed the RBI’s move to keep the key policy rates unchanged and maintaining its stance accommodative in its bi-monthly policy review.
During the week, the Sensex at Bombay Stock Exchange gained 1,090 points or 1.89 percent to finish at 58,787. The Nifty at National Stock Exchange also climbed 315 points or 1.83 percent to settle at 17511.
In the broader market BSE, the Mid-Cap index rose 1.69 percent while the Small-Cap index jumped 2.08 percent.