Deflecting the negativity around rising coronavirus cases and the fact that economies around the world are now at the cusp of a recession, Indian markets continued with their ascent with the benchmark Nifty crossing the 10000 mark. Investor sentiment continued to stay buoyant as government’s across the world, including the Indian government, decided to reopen the economy in a phased manner. Additionally, better than expected GDP numbers along with Prime Minister Narendra Modi's comment that India's economy would get back on track supported by systematic reforms gave a further fillip to positive domestic sentiment. The Q4FY20 GDP number came in at 3.1 per cent, better than the consensus estimates of 1.6 percent. This positive sentiment was also reflected in institutional activity as foreign portfolio investors (FPIs) net bought Indian equities on each of the days in the preceding week. During the period June 1 to 5, 2020, FPIs have net bought Indian equities worth Rs 13,927 crore. In the same time period, domestic institutional investors have net sold Indian equities worth Rs 1600 crore.