The Indian equity markets witnessed a smart rally extending the gains of the previous week on the back of development related to Brexit. The bench index Nifty registered a 3.16% rally during the week, whereas Bank Nifty added 3.84% over the same period. The auto index witnessed a staggering rally of 7.67% over the week.
Commercial credit demand shrunk 2.6% to 63.80 lakh crore in June (qoq) amid slowing economy. The asset quality also witnessed a sharp deterioration during the same period.
| Indian Market | |||
| Weekly Close | Points | (%) | |
| Sensex | 39,298 | 1,171 | 3.07 |
| Nifty | 11,662 | 361 | 3.19 |
| Nifty Bank | 29,120 | 1,084 | 3.87 |
Commercial credit demand shrunk 2.6% to 63.80 lakh crore in June (qoq) amid slowing economy. The asset quality also witnessed a sharp deterioration during the same period.
Developed Markets (Weekly) | |||
| Close | Points | (%) | |
| Dow Jones | 27,026 | 529 | 2.00 |
| Nasdaq | 8,157 | 206 | 2.59 |
| S&P 500 | 2,998 | 60 | 2.04 |
| Nikkei | 22,493 | 694 | 3.18 |
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