Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty snapped a four-day losing streak today and erased almost all that they lost in the last two trading sessions. S&P BSE Sensex jumped 748 points or 2% while the 50-stock Nifty managed to breach the 11,100 mark. Index heavyweight Reliance Industries Ltd zoomed 7.1% while HDFC Bank surged 4%. Maruti, Axis Bank, and HDFC were the other top gainers. Tech Mahindra, HCL Tech, IndusInd Bank were the worst performing stocks for the entire trading session. Volatility tanked 6% while all Nifty IT was the only sectoral index to end with losses. Nifty Media and Nifty Financial Services were the top index gainers.
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) began its three-day deliberations today. MPC, the body tasked with determining the policy interest rates required to achieve the inflation target is being keenly watched by market participants as the coronavirus induced lockdown slows the economic growth down. With the GDP expected to shrink at least 5% by most estimates, the MPC has its task carved out. The RBI could also announce what it plans to do with the loan moratorium that ends this month.