Share Market News Today Sensex, Nifty, Share Prices LIVE: Domestic equity markets started trading the day negatively. The SSEP BSE Sensex was down 400 points while the Nifty 50 index tanked below 14,200 at the opening, but soon recovered the levels. IndusInd Bank, Tech Mahindra and Axis Bank were the top hops. Dr Reddy’s, Sun Pharma, along with HDFC and SBI were among the winners on the index. Volatility was rising higher while broader markets were in the red. Nifty IT, Nifty Media, Nifty Metal, and Nifty Pharma were among the winners. Nifty Bank fell 1.14%.
As the second wave of the coronavirus pandemic spreads nationwide and business disruption, Care Ratings has revised its forecast for GDP growth to 10.2 per cent in 2021-22 from an earlier projection of 10.7-10.9 per cent. “We have revised our forecast for GDP growth for Financial Year 22 as basic conditions have changed rapidly over the last 30 days. It’s now 10.2 per cent, ”they said. Earlier, on March 24, 2021, the agency had forecast GDP growth of 11-11.2 percent based on GVA (gross value added) growth of 10.2 percent. This is the third India growth review undertaken by Care Ratings in one month. As the virus spreads different provinces have announced lock-in measures in cities or areas, disrupting economic activity.