Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 index settled with major gains on Tuesday led by buying in index heavyweights such as HDFC, Kotak Mahindra Bank, HDFC Bank, ICICI Bank and Reliance Industries (RIL). Sensex gained 522 points or 1.57 per cent to end the session at 33,825 while the broader Nifty 50 index advanced 156 points or 1.56 per cent to close at 9,979. Out of 30 Sensex stocks, 24 scrips traded in positive territory. Bajaj Finance was up 8.33 per cent and lead the pack of gainers on Sensex. Kotak Mahindra Bank, IndusInd Bank, HDFC and Axis Bank were among other gainers. While Maruti Suzuki was the top Sensex laggard, down 1.74 per cent, followed by ITC, NTPC, Nestle India, Hero MotoCorp and Bharti Airtel. Except for Nifty FMCG index, all the sectoral indices finished trade in green. Nifty Realty index jumped nearly 5 per cent led by gains in Mahindra Lifespace Developers, Brigade Enterprises and Godrej Properties. Similarly, Nifty Financial Service advanced 3.18 per cent with Bajaj Finserv, Bajaj Finance and Kotak Mahindra Bank as top gainers.
In a major setback, Moody’s today downgraded India’s sovereign credit rating by one notch to ‘Baa3’, while maintaining its negative outlook, citing risks from sustained low growth, among other reasons. ‘Baa3’ is the lowest investment-grade rating on Moody’s credit rating scale.