Weekly market round-up

8 Jul 2022 , 03:46 PM

Indian markets have ended the week in Green. At the end of trading today, Nifty was up by 87.7 points. Sensex was up by 303.38 points. Top Gainers today were Larsen & Toubro, Power Grid and Tata Motors. Top losers today were Maruti, Hindalco, Tata Steel. The markets saw more days in Green this week than in the past few weeks. Net selling by FIIs came down this week. On one day this week, FIIs were actually net buyers in the market.  This happened after almost two months.

Fears of a global recession strengthened this week. This had a dampening effect on the markets. Federal Reserve Bank of Atlanta data showed that US economy has already entered into a recession. Almost all major countries grappled with rising inflation this week. Rise in oil prices got subdued this week on fears of economic recession and slowdown. Bajaj Auto’s quarterly sales data for the June quarter, in the domestic market, was disappointing.