Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market bechmarks Sensex and Nifty settled nearly 5 per cent lower on Monday tracking weak global cues on the back of rising coronavirus cases across the globe. S&P BSE Sensex ended 4.6 per cent or 1,375 points lower at 28,440, while the broader Nifty 50 index finished 370 points or 4.28 per cent at 8,289. Six stocks out of 30 Sensex stocks settled in a positive territory today, with Nestle India as the top gainer, up 4.49 per cent, followed by Tech Mahindra, Axis Bank and HUL. Conversely, Bajaj Finance was the top Sensex laggard, down 12 per cent to Rs 2,243. HDFC, Tata Steel and ICICI Bank were among other Sensex losers. Barring Nifty FMCG and Pharma index, all the sectoral indices finished in red. Nifty Bank index dropped 6 per cent dragged by Bandhan Bank, Federal Bank and HDFC Bank. While Nifty Pharma index gained 1.36 per cent, led by Cipla, Lupin and Dr. Reddy’s
Fitch Solutions on Monday slashed its estimate for India’s GDP growth in the fiscal starting April 1 to 4.6 per cent due to weaker private consumption and contraction in investment amid coronavirus outbreak, costing economies around the globe. The growth estimate for 2020-21 fiscal (April 2020 to March 2021) compares with a 4.9 per cent forecast in the current 2019-20 that ends on Tuesday.