Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 settled nearly one per cent higher on Wednesday lifted by buying in banks and financial stocks. The 30-share Sensex gained 290 points or 0.86 per cent to end the session at 34,247, while the broader Nifty 50 index jumped 69 points or 0.69 per cent to finish the trade at 10,116. IndusInd Bank share price jumped nearly 8 per cent to settle at Rs 500.70 and was the top Sensex gainer. Among other gainers were Kotak Mahindra Bank, Reliance Industries (RIL), HDFC, Axis Bank, State Bank of India (SBI) and TCS. On the flip side, Hero MotoCorp fell nearly 4 per cent, followed by Bajaj-Auto, Tata Steel, ONGC, Titan, M&M and Bharti Airtel. Most of the sectoral indices closed in the positive territory with Nifty Bank and Nifty Financial Services as top sectoral gainers, up 1.81 per cent and 1.15 per cent, respectively.
Maruti Suzuki India (MSI) on Tuesday said it cut production by 97.54% in May at 3,714 units amid coronavirus pandemic, according to a regulatory filing by the company. Apart from this, rating agency Ind-Ra said that the automobile sales may decline by up to 25 per cent in this financial year as compared to 2019-20 due to a complete washout in April and minuscule sales last month.