Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sell-off intensified in the last hour of the Wednesday’s trade dragging S&P BSE Sensex and Nifty 50 index down. Index heavy weights such as HDFC Bank, RIL, HDFC, Kotak Mahindra Bank and TCS were among the top contributors towards today’s fall. During the intraday trade Sensex fell over 1,300 from day’s high while Nifty slipped below 8,900-mark. S&P BSE Sensex ended 310 points or 1.01 per cent down at 30,380, while the Nifty 50 index settled at 8,925. As many as 18 stocks out of 30 Sensex stocks finished trade in red with Kotak Mahindra Bank as top loser, down 6.23 per cent, followed by Hero MotoCorp, Bajaj Finance, HDFC and HDFC Bank. Conversely, HUL was the top Sensex gainer with a growth of 6 per cent. HCL Tech, ITC and Nestle India were among the other Sensex gainers.
The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday. The IMF, in its 2020 World Economic Outlook, predicted a partial rebound in 2021, with the world economy growing at a 5.8% rate, but said its forecasts were marked by “extreme uncertainty” and that outcomes could be far worse, depending on the course of the pandemic, Reuters reported.