Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 settled over 2.5 per cent lower on Thursday mainly dragged by financials and IT stocks. The 30-share Sensex plunged 885 points or 2.77 per cent to end at 31,123, while the broader Nifty 50 index declined 241 points or 2.57 per cent to close the session at 9,142. Tech Mahindra and Infosys were the top Sensex laggards, down 5.26 per cent and 5.10 per cent, respectively. HDFC, IndusInd Bank, RIL and Power Grid were among other losers on the pack. On the flip side, Hero MotoCorp, Larson & Toubro (LT), Maruti Suzuki. HUL and Sun Pharma were among the top Sensex gainers today. Barring Nifty FMCG and Nifty Pharma, all the sectoral indices finished trade in deep sea of red. Nifty Bank index dropped 566 points or 2.88 per cent dragged by IndusInd Bank, Punjab National Bank and IDFC First Bank.
Banks and NBFCs will offer up to 20 per cent of entire outstanding credit as on February 29, 2020, to MSMEs. Units with up to Rs 25 crore outstanding credit and Rs 100 crore turnover are eligible for taking these loans that will have four-year tenor with a moratorium of 12 months on principal payment. The scheme can be availed till October 31, 2020. The government will provide complete credit guarantee cover to lenders on principal and interest amount.