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US Inflation Hurts Investors; India benefited

The Bombay Stock Exchange Index rose 817.68 points to 58,387.25 points during the week.

Better-than-expected performance of Indian companies, growth in industrial production in the country, expected monetary policy measures to reduce inflation, and sustained buying by foreign financial institutions led the market to rally last week. Indices rose for the third consecutive week. The Bombay Stock Exchange Index climbed 817.68 points to 58,387.25 points during the week. The Nifty of the national stock market has reached 17,397.50 points. It has increased by 239.25 degrees during the week. Midcap and smallcap sectoral indices also showed good growth.

One Week Growth of some companies

Infosys 28,170.02 crore TCS 23,582 crore Reliance Industries 17,048.21 crore ICICI 13,861.32 crore LIC 6,008.75 crore Bajaj Finance 5,709.2 crore TSBI 2,186.53 crore

Some upcoming important events of this week?

US inflation data to be released on Wednesday

Quarterly results of companies

Industrial production and inflation data due on Friday

The dollar weakened due to rising inflation in America. Its benefit to India has been Foreign investors have invested Rs. 14 thousand crores in a single week. Between October 2021 and June 2022, Rs of 2.46 lakh crore was withdrawn from the market.

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