Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty gave up their 6-day gaining spree on Monday as Dalal Street erased gains made in the previous nearly 10 days. S&P BSE Sensex ended 839 points or 2.13% lower at 38,628 points, while the 50-stock Nifty gave the 11,400 mark and closed at 11,387. Only ONGC and TCS were the two BSE Sensex Constituents that ended with gains. Financials that started the day’s trading session as the top gainers on Sensex ended deep in red. Volatility spiked yet again, jumping 27% to end above 23 levels after initially falling to 16 on Monday morning. All sectoral indices ended in the red with Nifty Media falling over 6%.
Today eyes will be glued on India’s Gross Domestic Product (GDP) data for the first quarter of the current fiscal year. The GDP data will reflect how India’s economy has fared amidst the coronavirus pandemic and the results lockdown. Economists at Morgan Stanley have pegged India’s GDP to contract by 19% during the quarter. Many experts from across the globe believe that India’s GDP in the current financial year will slip by over 5%, as a result of the economic slowdown that the pandemic has caused. In the previous quarter, India’s GDP grew by 3.1%.