Weekly recap: Indian markets end the week lower; Bank Nifty down 2.23%



Indian equities settled the week lower. The benchmark index Nifty ended with a loss 0.98% whereas Bank Nifty has ended 2.23% lower.


According to CMIE about 7.4 million Indian have lost their jobs due to lockdown; meanwhile the unemployment rate has jumped to 8% in April compared to 65% in March.


India’s March factory output has risen 22.4% due to low base effect, the IIP shrank 0.8% in FY20.

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( With inputs from indiainfoline)