Share Market News Today | Sensex, Nifty, Share Prices LIVE: As many as 28 stocks out of 30 Sensex stocks were trading in a positive territory, with Tata Steel as the top gainer, up 3.44 per cent, followed by Axis Bank, Power Grid and RIL.Share Market News Today | Domestic equity market benchmarks Sensex and Nifty, bouncing back from losing streak, were trading higher on Tuesday taking cues from global markets on account of improvement in Chinese manufacturing data for March. S&P BSE Senses was trading 545 points or 1.92 per cent higher at 29,986, while the broader Nifty 50 index jumped to reclaim 8,500-mark. As many as 28 stocks out of 30 Sensex stocks were trading in a positive territory, with Tata Steel as the top gainer, up 3.44 per cent, followed by Axis Bank, Power Grid and RIL. On the flip side, IndusInd Bank was the top laggard, down 10 per cent to Rs 370, followed by Bharti Airtel. All the sectoral indices were trading higher in Tuesday’s session. Nifty Bank index was up 1.78 per cent led by gains in ICICI Bank, Federal Bank and Axis Bank. Similarly, Nifty Metal index was trading 3.65 per cent higher driven by Hindalco, Vedanta and JSW Steel
US stocks managed to settle higher on Monday as President Donald Trump followed last week’s massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors to await more signs on the next stages of a deepening economic crisis. Dow Jones Industrial Average was up 482.20 points, or 2.23%, at 22,118.98, the S&P 500 was up 66.06 points, or 2.60%, at 2,607.53 and the Nasdaq Composite was up 220.56 points, or 2.94%, at 7,722.94.
Domestic credit rating agency India Ratings (Ind-Ra) on Monday cut its FY21 growth forecast to 3.6 per cent amid coronavirus-related worries. Fitch Solutions on Monday slashed its estimate for India’s GDP growth in the fiscal starting April 1 to 4.6 per cent due to weaker private consumption and contraction in investment amid coronavirus outbreak, costing economies around the globe.
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