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.
#Weekly #recap #Indian #markets #week #Bank #Nifty
( With inputs from indiainfoline)