Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks Sensex and Nifty closed lower for the third consecutive session on Monday dragged by HDFC, ITC, RIL and ICICI Bank. S&P BSE Sensex ended half a per cent or or 202 points lower at 41,055.67, while the broader Nifty 50 index settled 0.56 per cent or 68 points lower at 12,046 points. As many as 17 stocks out of 30 Sensex stocks finished in red. ONGC was the top loser, down over 3%, followed by Sun Pharma, Bajaj Auto and NTPC. On the flip side Titan was the top Sensex gainer with a growth of 1.83 per cent. Nestle India, Tata Steel, TCS and Kotak Mahindra Bank were among the other gainers. Barring Nifty IT index, all the sectoral indices ended in red. The Nifty PSU Bank index dropped nearly 3% weighed by weakness in Bank of Baroda, PNB, Indian Bank and Bank of India. On the contrary, Nifty IT index closed flat to positive with TCS, Infosys, Wipro and Tech Mahindra as top index gainers. In the broader markets, S&P BSE MidCap index ended 0.91 per cent or 143 points lower at 15,519, while the S&P SmallCap index settled at 14,532 points, down 1.02 per cent or 150 points.
Days after the IMF said that the Indian economy needs urgent reforms, Moody’s cut growth projection to 5.4 per cent in 2020. The global rating agency had earlier projected the economy to grow at 6.6 per cent on account of slower than expected growth recovery. The rebound may begin in the current quarter, Moody’s said in its Global Macro Outlook update.