Share Market News Today | Sensex, Nifty, Share Prices Highlights: S&P BSE Sensex and NSE Nifty 50 ended Tuesday's session near the day's high. Midcap and smallcap indices outperform benchmarks again.
Midcap and small cap stocks witnessed a rush of investors expecting heavy buying from mutual fund houses post the new SEBI guidelines.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty ended the day just slightly off the day’s high. S&P BSE Sensex was up 287 points sitting above the 39,000 mark while the 50-stock Nifty closed comfortably with 11,524 points. Banking stocks emerged in the dying hours of trade to lead the rally. IndusInd Bank, Axis Bank, and ICICI Bank were the top Sensex gainers. Titan, Maruti Suzuki India, and ITC were the top drags. Midcap and small cap indices were again seeing beating the benchmark indices by a margin. Volatility slipped 3.75% today to end below 21 levels.
Finance Minister Nirmala Sitharaman on the initial day of the monsoon session of the parliament sought an approval for additional spending of Rs 2,35,852.87 crore during the current fiscal year. The funds will be used to enhance the capital of public sector banks, enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), and other expenditures. Amidst a pandemic, the central government is facing shortage in the normal tax collection.