Share Market News Today | Sensex, Nifty, Share Prices Highlight: Sensex and Nifty ended in the green on Friday. Maruti was the top gaining stock followed by Mahindra & Mahindra.
Among Asian peers, Shanghai Composite was trading with marginal gains on Friday morning while Hang Seng was down with losses along with KOSPI, KOSDAQ, TOPIX, and Nikkei 225.
Share Market News Today | Sensex, Nifty, Share Prices Highlight: Domestic benchmark indices ended the week’s last trading session with gains. S&P BSE Sensex closed 127 points higher, recouping most of the losses recorded yesterday. The 50-stock Nifty settled above the 11,900 mark to close at 11,930 levels. Maruti Suzuki India shares zoomed 4.44% to end as the best performing Sensex constituent, followed by Mahindra & Mahindra and Tata Steel. UltraTech Cements, HCL Technologies, and HUL were the top drags. Broader markets outperformed the benchmarks on Friday, Nifty Midcap was up 0.68% while Nifty Smallcap 50 gained 0.59%.
Principal Economic Advisor, Sanjeev Sanyal, on Thursday said that India’s stimulus approach has been of initially creating a safety net for the poor and not of providing a large demand stimulus as the avenues of spending were locked during that phase. “We were rather reticent to provide a large demand stimulus when we were in a lockdown. If we had used up all our resources in trying to push demand during the period (April-August), we won’t have had the resources to push it (now),” Sanyal said at a CII event. He added that the time has now arrived for imparting a generic push to demand.