Weekly recap: Markets end the week lower; Nifty, Bank Nifty close down

Let us take a glimpse into what happened in markets over this week.

Aug 01, 2020 09:08 IST India Infoline News Service

Indian markets settled lower at the end of another range bound week. The Nifty ended with a weekly loss of 1.08% whereas Bank Nifty has ended 4.51% lower.

EPFO withdrawal has reached Rs30,000cr; 8 million people witnessed liquidity crunch amid COVID-19 pandemic.

According an economic study by Dun & Bradstreet, Indian economy may continue to face inflationary pressure in the near term.

Indian economy is likely to see a V-shape recovery in third and fourth quarter, which will eventually lower the loss of overall GDP growth for FY2021.

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