Share Market News Today | Sensex, Nifty, Share Prices Hightlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 settled over 2.5 per cent higher in Monday’s trade led by buying in PSU bank stocks. The 30-share Sensex closed the session 880 points or 2.71 per cent higher at 33,303, while the broader Nifty 50 index settled at 9,826 gaining 245 points or 2.57 per cent. The volume toppers in today’s trade were Bajaj Finance, Reliance Industries (RIL), State Bank of India (SBI), HDFC and Axis Bank. Among top Sensex gainers were Bajaj Finance with growth over 10.62 per cent, followed by Titan, Tata Steel, SBI Mahindra & Mahindra and HDFC. On the flip side, Sun Pharma was the top Sensex laggard, down 2.17 per cent. Nestle India, UltraTech Cement, Hero MotoCorp and LT were other losers on the pack. All the 11 sectoral indices finished trade with upticks. Nifty PSU Bank index soared 7.57 per cent led by gains in Canara Bank, Bank of India, Bank of Baroda and Punjab National Bank.
The Indian economy is on course for a full-year contraction this fiscal, as recovery prospects from COVID-19 related disruptions remain “clouded”, according to DBS Bank India economist Radhika Rao. The comments came amid the release of key data that showed India’s GDP growth tumbling to 3.1 per cent in the March quarter — the slowest pace since the global financial crisis more than a decade back. In 2019-20, the Indian economy grew by 4.2 per cent, the slowest in 11 years.