Weekend markets update: #DAX 24319 0.00% #DOW 42774 -0.03% #NASDAQ 21782 +0.02% #FTSE 8841 -0.01% #HANGSENG 23919 -0.05% #GBPUSD 13526 0.00% #EURUSD 11395 0.00% #USDJPY 14484 0.00% #GOLD 3316 +0.16% #IGWeekendMarkets
What happened in the global economy this week — in charts https://t.co/PBkwwmXkhk https://t.co/6tvxxvFiy4
What happened to the global economy this week — in charts https://t.co/jeGvw7Q4EN
Indian equity markets recorded gains for the week ending June 6, with the Nifty index advancing for the third consecutive session and snapping a two-week losing streak. The rally was led by stocks such as Eternal (formerly Zomato), Shriram Finance, Dr. Reddy's Laboratories, and Bajaj Finance. Eternal and Swiggy together added Rs 30,590 crore (approximately $3.6 billion) in market capitalisation over the five trading sessions from June 2 to June 6, amid headwinds at Zepto. The Nifty50 rose by 252.35 points, or 1.01 percent, to close at 25,003.05, while the BSE Sensex gained 737.98 points, or 0.9 percent, to finish at 82,188.99. Broader market indices outperformed, with the BSE Mid and Small-cap indices each rising 2 percent, and the Large-Cap index up 1 percent. The Nifty Realty index surged 9.5 percent, while the Metal, PSU Bank, and Auto indices also posted gains. Domestic Institutional Investors (DII) were net buyers for the seventh consecutive week, purchasing equities worth Rs 25,513.43 crore, while Foreign Institutional Investors (FII) remained net sellers, offloading Rs 3,565.88 crore. The Reserve Bank of India announced a 50 basis point cut in the repo rate and a 100 basis point reduction in the Cash Reserve Ratio (CRR) during the week.
