As for the Indian markets, the BSE-Sensex lost around 170 points during the week, largely on the back of selling in metals and oil & gas stocks. Smallcap stocks however bucked the trend as their benchmark BSE-Smallcap index rose by almost 1% during the week. This index is now up 125% since its lows of March, as against a rise of just around 87% in the Sensex.
Crude oil was the highest gainer this week among several asset classes. It moved up by almost 10% over last week’s close. In while Asian stock markets felt the pinch of a sell-off in China (which was down almost 3%), the US markets were among the few gainers. Gold prices were marginally up.
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