Indian markets end the day marginally in red

6 Jun 2022 , 03:53 PM

Indian equity markets ended the day today marginally in red. NSE Nifty ended the day down by 14.75 points. BSE Sensex ended the day down by 93.91 points. Top Gainers today were Bajaj Auto, JSW Steel, and Tata Consumer. Top Losers today were Shree Cement, BPCL, and Asian Paint.  

Bajaj Auto was the gainer today as the company saw strong demand in May 2022. With the economy struggling and unemployment rate at a high, demand for two wheelers may go up. More people may switch back to more economical two wheelers from four wheelers or may prefer them over four wheelers.

News coming from the Russia- Ukraine front did nothing to give any hope that the war may end soon. Oil prices crossing the $120 per barrel mark, after Saudi Arabia raised its crude oil price, dampened market sentiments further. The pressure of continued selling by FIIs in Indian markets will be severe, at least in the foreseeable future.