Share Market LIVE: Sensex ends up 995 points, Nifty reclaims 9,300; Axis Bank surges 14%, ICICI Bank jumps 9%

Share Market Today, Share Market Live

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 settled with over 3 per cent gains on Wednesday aided by buying in banks and financial stocks. Sensex ended at 31,605.22, up 995.92 points or 3.25 per cent. While the broader Nifty 50 index finished above 9,300 to close the session at 9,314 gaining 286 points or 3.17 per cent. Out of 30 Sensex stocks, 24 stocks finished trade in positive territory. Axis Bank was the top Sensex gainer with a growth of 13.46 per cent, followed by ICICI Bank, HDFC Bank, IndusInd Bank, Bajaj Finance and Kotak Mahindra Bank. On the contrary, Sun Pharma was the top Sensex laggard, down 1.85 per cent. UltraTech Cement, Titan, Asian Paints, Maruti Suzuki and Power Grid were among other losers on the pack. Barring Nifty Pharma and Nifty Media, all the sectoral indices ended with upticks. Nifty Bank index surged 7.28 per cent led by gains in Axis Bank, ICICI Bank, Bandhan Bank and RBL Bank. While Nifty Pharma index fell 0.21 per cent dragged by losses in Biocon, Sun Pharma and Lupin

India’s fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, CRISIL said on Tuesday as it predicted the economy to shrink by 5 per cent in the current fiscal because of coronavirus lockdown. “The first quarter (April to June 2020) will suffer a staggering 25 per cent contraction,” it said in its assessment of India’s GDP.

source: financialexpress