Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended over 2 per cent lower in Thursday’s trade, mirroring negative global cues. The 30-share Sensex plunged 708 points or 2.07 per cent to end at 33,538, while the broader Nifty 50 index dropped 214 points or 2.12 per cent to settle just above 9,900-mark. Out of 30 Sensex stocks, 25 stocks finished trade in negative territory. State Bank of India (SBI) was the top Sensex loser, down 5.64 per cent, followed by Sun Pharmaceuticals, Maruti Suzuki, Bajaj Finance, ICICI Bank, Tata Steel and Axis Bank. On the contrary, just 5 stocks, namely, IndusInd Bank, Hero MotoCorp, Power Grid, M&M and Nestle India were the top Sensex gainers. All the Nifty sectoral indices settled with a loss of over 1 per cent. Nifty PSU Bank index plunged 3.76 per cent dragged by SBI, Punjab & Sind Bank, Indian Overseas Bank and Bank of Baroda. Nifty Metal index, too, settled 2.78 per cent lower weighed by weakness in Welspun Corp, SAIL, National Aluminium Company and Vedanta.
The U.S. Federal Reserve on Wednesday signalled it plans years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting the economy to shrink 6.5% in 2020 and the unemployment rate to be 9.3% at year’s end, according to Reuters report.