The first trading day of the week was the strong start of the stock market. The main index Sensex jumped 330 points to the level of 38,400 in early trading on Monday, while the Nifty also jumped nearly 100 points to 11,530 at this time. Earlier, the Sensex strengthened by 107.92 points to 36,744.02 points, while the National Stock Exchange (NSE) 50-share sensitive index Nifty opened 47 points higher at 11,473.85.
On the last trading day of last week, the Sensex climbed 269.43 points to end at 38,024.32, while the Nifty climbed 83.60 points to close at 11,426.85. This is 6 months high for the stock market. In the past week, the total gain of the Sensex was more than 1300 points. In fact, since the announcement of the dates of Lok Sabha elections, the increase in the stock market has been recorded. After this declaration, the speculation has been taken to return the Modi government in all the country's surveys. In such a situation, the enthusiasm in the investor has also increased and the market has risen sharply.
Third Quarter figures on Tuesday
In the third quarter of the current financial year this year, data of the current account of the country can be released. Earlier, in the second quarter, India's current account deficit increased to $ 1.9 billion, or 2.9 percent of GDP. In the same period last fiscal, the current account deficit was $ 6.9 billion, or 1.1 percent of GDP.
Rupee Against Dollar
If we talk about the rupee, the continuous investment of foreign capital and the weakness in the US currency in global markets, strengthened by 17 paise to the dollar, to $ 68.93 per dollar. Earlier on Friday, the rupee had climbed 24 paise to close at Rs 69.10 per dollar. Currency dealers said that on Monday the rupee was lower than India's trade deficit and dollar's selling by exporters supported the rupee.
