This week, BSE Sensex made history as it surpassed the 75,000 mark for the first time. The benchmark index has risen by about 190% from its COVID-19 low on March 24, 2020.
FMCG businesses such as ITC Ltd, Hindustan Unilever Ltd and Asian Paints Ltd and private lenders namely HDFC Bank Ltd and Axis Bank Ltd were among top losers from the index.
The rupee was little changed at the opening time on Friday amid expectations that the country s central bank will intervene, which countered weak risk appetite, a stronger US dollar and rising oil prices.
The market response to the RBI policy was muted as investors shift focus to global developments like the evolving likelihood of a US Federal Reserve rate cut in June and fluctuations in commodity prices.
The policy was on expected lines and turned out to be a non-event for the markets barring the realty sector with stocks gaining up to 7%. Following the policy experts came out with their views on the policy and its impact on equity and bond markets.