Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks Sensex and Nifty ended the day with significant gains, jumping over 4 per cent each tracking gains on Wall Street and on hopes that the coronavirus pandemic is nearing a peak. S&P BSE Sensex moved up 1265 points or 4.23 per cent to reach 31,159 points, while the broader Nifty 50 index gained was up 354 points or 4 per cent at 9,096. Of the 30 constituents of S&P BSE Sensex, 25 ended the day in green with Mahindra and Mahindra leading the gainers tally after jumping 17.5 per cent during the day’s trade; followed by Maruti Suzuki India with gains over 13%. All the Nifty sectoral indices ended the day in green. Nifty Auto index gained 8.36 per cent led by Motherson Sumi Systems, M&M and Maruti. Nifty Pharma continued its winning spree, gaining over 6 per cent during the day.
Economic growth is likely to plummet to a multi-decade low of 1.6 per cent in fiscal year 2020-21 due to COVID-19 pandemic and ensuing measures like lockdowns and social distancing, an American brokerage said on Wednesday in one of the bleakest forecasts on GDP yet. Indian policymakers have not been aggressive enough in their response till now to the crisis, and will need to eventually intensify their efforts, economists at Goldman Sachs said.