Share Market News Today | Sensex, Nifty, Share Prices LIVE: After a strong run in past two sessions, domestic equity market benchmarks Sensex and Nifty ended lower on Thursday dragged by private bank stocks. S&P BSE Sensex ended 174 points or 0.42 per cent lower at 41,392 points, while the broader Nifty 50 index settled at 12,174 points, down 27 points or 0.22 per cent. Apart from private bank stocks, HDFC, ITC, Asian Paints were among the major contributors to today’s fall. At the index level, IndusInd Bank was the top Sensex loser, down 3.54 per cent, followed by NTPC, Tata Steel, ICICI Bank, Kotak Mahindra Bank and ONGC. However, Titan was the top gainer on the index, up 2.42 per cent at Rs 1,299. SBI, Sun Pharma, M&M, TCS and Infosys were among the top gainers. Sectoral indices traded mixed in today’s session. The Nifty Bank index dropped 263 points to close at 31,230, dragged by losses in IndusInd Bank, RBL Bank, ICICI Bank and Kotak Mahindra Bank. Nifty Financial Services index, too, settled lower with weakness in Indiabulls Housing Finance, ICICI Bank, Kotak Mahindra Bank and HDFC. In the broader market, S&P BSE MidCap index ended 23 points or 0.15 per cent lower at 15,765.72, while S&P BSE SmallCap index finished flat at 14,732 points.
Meanwhile, the index of industrial production (IIP) shrunk by 0.3 per cent in the month of December 2019. However, the retail inflation inched up to a six-year high in January and was recorded at 7.59 per cent.
With a 42% rise in the planned capital expenditure for 2019-20 by the private corporate sector, the beginning of a turnaround in the investment cycle is likely, said an article published by the Reserve Bank of India (RBI). The planned capex is estimated to rise to Rs 1.2 lakh crore in 2019-20, up 42% from Rs 84,602 crore in the previous year. The aggregate envisaged capex for 2019-20 will also depend on the level of corporate investment, including fresh projects sanctioned during the year. A total of 423 projects were sanctioned Rs 1.87 lakh crore through various channels.