Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty tanked on Friday amid weaker global cues. S&P BSE Sensex ended down 633 points, while the 50-stock Nifty was below the 11,350 mark on the closing bell. All Sensex constituents were trading with losses, except Maruti Suzuki India and TCS ended flat. Banks were the top drags with Axis Bank falling over 4% while SBI and ICICI Bank followed close. Volatility jumped over 7% to sit just shy of 22 levels. All Nifty sectoral indices were trading with losses, Nifty Metal index was down the most.
The Finance Minister on Thursday asked lenders to roll out a board approved loan recast plan by September 15. In a meeting with heads of banks and NBFCs, Nirmala Sitharaman asked lenders to put in place a policy which is in sync with the RBI’s guidelines to identify eligible borrowers and release resolution schemes. Additionally, the Supreme Court of India, yesterday directed lenders to not declare any new accounts as NPAs. The apex court said that if an account has not been declared as an NPA by the end of August, it shall not be declared as one until further orders.