Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and NSE’s Nifty 50 settled nearly 1.5 per cent higher in Wednesday’s trade led by buying in financial stocks. The 30-share index Sensex advanced 499 points or 1.43 per cent to close the session at 35,414.45, while the broader Nifty 50 index settled 128 points or 1.24 per cent higher at 10,430. Among top Sensex gainers were Axis Bank, which rose 6.6%, followed by Bajaj Finserv, HDFC, Bajaj Finance, ITC, IndusInd Bank and State Bank of India, all up in the range of 3.5-5.6 per cent. On the other hand, out of 30 Sensex stocks, 16 scrips finished in the negative territory. NTPC, M&M, L&T, Nestle India, ONGC and Sun Pharma were among top laggards on the pack. The trend among Nifty sectoral indices was largely positive. Nifty PSU Bank and Nifty Financial Service were top sectoral gainers, up 3.63 per cent and 2.66 per cent, respectively.
Fitch Ratings on Tuesday cut India”s growth forecast for 2021-22 fiscal to 8 per cent from 9.5 per cent projected last month. It, however, retained its projection of Indian economy contracting by 5 per cent in the current fiscal. Indian economic growth stood at an estimated 4.2 per cent in 2019-20. In its June update of Global Economic Outlook, Fitch projected Indian economy to grow 5.5 per cent in 2022-23, according to a PTI report.