Share Market News Today | Sensex, Nifty, Share Prices Highlights: As the surge in last hour intensified, domestic equity market benchmarks Sensex and Nifty settled nearly 9 per cent higher on Tuesday led by index heavyweights such as RIL, HDFC Bank and ICICI Bank. S&P BSE Sensex gained 2,476 points or 8.97 per cent at 30,067, while the broader Nifty 50 finished at 8,785, up 702 points or 8.69 per cent. All the 30 Sensex stocks ended in green today with IndusInd Bank as the top gainer with a growth of 22.60 per cent, followed by Axis Bank, M&M, ICICI Bank and Hindustan Unilever (HUL). All Nifty sectoral indices traded in positive territory with Nifty Private Bank index as the top sectoral gainer, up 11.07 per cent driven by IndusInd Bank, Axis Bank and ICICI Bank. Similarly, Nifty Bank index closed 10.43 per cent higher with Aurobindo Pharma, Dr. Reddy’s laboratories and Cadila Healthcare as top index gainers.
India’s growth could slip below 3 per cent in the current fiscal if COVID-19 proliferates within India, lockdown extended and global economy slips into recession, a KPMG report said. It said the three major contributors to GDP — private consumption, investment and external trade — will all get affected due to the spread of the pandemic. The KPMG report presented three scenarios to explain the economic effects of COVID–19. In the scenario of quick retraction across globe by April-end to mid-May, the report said “India’s growth for 2020-21 may be in the range of 5.3 to 5.7 per cent, though this scenario looks distant at this moment”.