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Indian equities experienced their fourth consecutive day of losses due to foreign fund outflows and high oil prices. The benchmark indices recorded a 2.7% loss for the week, the highest weekly loss since February. Rising US bond yields have caused nervousness in emerging markets, but Indian bond yields have remained subdued. Foreign portfolio investors continued to sell shares, while domestic institutions were buyers. Analysts expect the market to consolidate before resuming its uptrend, with attractive valuations in sectors such as auto, power, public sector banks, ethanol, and tourism-related stocks.

​​​​The broad-based S&P 500 finished at 4,320.06, down 0.2 percent for the day and 2.9 percent for the week. The Dow Jones Industrial Average dropped 0.3 percent to 33,963.84, while the tech-rich Nasdaq Composite Index lost 0.1 percent at 13,211.81.

Shares of Arm Holdings and Instacart deepened their recent losses on Friday after analysts gave lukewarm ratings to the two companies that recently held highly anticipated initial public offerings.

The number of smallcap stocks which delivered double-digit gains during the week further fell to just 22. In the previous week, about 40 stocks had seen a double-digit rally, which too was a drop from about 100 double-digit gainers in the preceding week. Only three smallcap stocks have offered returns over 25% in this week. Further, about three of them rallied between 20-25%.

The primary market remained unfazed even amid mixed global trends. A push provided by foreign institutional investors (FIIs), consistent corporate growth, and steady monsoon predictions are some of the factors that led to such buoyancy, said analysts.

Both benchmarks were on track for a small weekly drop after gaining more than 10% in the previous three weeks amid concerns about tight global supply as the Organization of the Petroleum Exporting Countries and allies (OPEC+) maintain production cuts.

The index provider will add Indian securities to the JPMorgan Government Bond Index-Emerging Markets starting June 28, 2024. The South Asian nation will have a maximum weight of 10% on the index, according to a statement Thursday.

Roadzen has partnered with global automotive players, including Mercedes, Audi, Volvo-Eicher, Mitsubishi, Skoda, Seat, Renault, and Dacia, major insurers such as Axa, Societe Generale, and Arch, and fleet companies such as CJ Darcl.

Bajaj Finance had a liquidity buffer of Rs 12,704 crore as of June- end. The capital adequacy remained strong at 24.61% as of June 30, with tier-1 capital at 23.01%

It is unclear how much stake in the company these shares amounted to as the shareholding pattern was not yet available with the exchanges