Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 settled nearly 2 per cent higher on Thursday lifted by a rally in auto and banking stocks, ahead of the expiry of futures and options contracts of May series. The 30-share Sensex jumped 595 points or 1.88 per cent to end the session at 32,200. While the broader Nifty 50 index settled 175 points or 1.88 per cent higher at 9,490. Barring three stocks out of 30 Sensex stocks, 27 scrips finished trade in positive territory. Larsen & Toubro (L&T) was the top Sensex gainer with a growth of 5.88 per cent led by Hero MotoCorp, HDFC Bank, IndusInd Bank and Maruti Suzuki. RIL and HDFC twins contributed majorly to the Sensex gains today. ITC, State Bank of India (SBI) and Bharti Airtel were the only losers on the pack. Except for Nifty PSU Bank, all the sectoral indices ended the session with upticks. Nifty Auto index advanced 3.65 per cent led by gains in Eicher Motors, Motherson Sumi Systems and Bharat Forge.
India may need to inject up to Rs 1.5 trillion into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government and banking sources told Reuters. The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.