InvestorQ : is there any reason why the sensex is performing better for the last week?
Tushar Jambhekar made post

is there any reason why the sensex is performing better for the last week?

Answer
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Ira Shah answered.
1 year ago


Sensex performance in the last week is not a result of any major change however, RBI, Infosys and other news of Anti-satellite might be the reason for this uptrend.
Reserve Bank of India (RBI) incepted ₹34,561 crore in Indian banking system on 26 March 2019. This inception of funds was done through auction, where RBI bought dollars from authorized dealers $5.02 billion at a premium of ₹7.76, which works out to an annualized rate of 3.76%. After 3 years these banks will buy back the same amount of dollars. Also, Infosys news of entering into a strategic partnership with ABN AMRO contributed to this upward movement.
As it is rightly said that stock market captures the emotion, RBI’s dollar-rupee swap auction captured positivity of the economy. Infosys news added momentum to an upward trend in the stock market. Moreover, there were investors and traders that wanted to sell their stocks and so sold in at this point thus holding the Sensex trend.
On 27th March 2019, Prime minister announced country’s Airspace achievement by being the fourth country to test anti-satellite. This news created faith in the current government.