Share Market News Today | Sensex, Nifty, Share Prices LIVE: Barring HUL, 29 Sensex stocks out of 30 shares were trading in green today with Maruti Suzuki as the top gainer, up 6.6 per cent, followed by ICICI Bank
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks Sensex and Nifty were trading over 2 per cent higher on Wednesday on the back of positive global cues. The rally in the headline indices was supported by a host of quarterly earnings, April series F&O expiry and hopes of treatment for coronavirus. BSE Sensex soared 800 points or 2.45 per cent to trade above 33,500, while the broader Nifty 50 index gained 225 points or 2.35 per cent to trade at 9,778. Barring HUL, 29 Sensex stocks out of 30 shares were trading in green today with Maruti Suzuki as the top gainer, up 6.6 per cent, followed by ICICI Bank, Tata Steel and Infosys. All 11 Nifty sectoral indices were trading in positive territory today. Nifty Auto index jumped over 5 per cent led by gains in Tata Motors, Ashok Leyland and Bharat Forge.
The head of the Federal Reserve on Wednesday dashed lingering hopes for a fast rebound from the coronavirus pandemic, saying the U.S. economy could feel the weight of consumer fear and social distancing for a year or more in a prolonged climb from a deepening hole, Reuters reported. In its policy statement on Wednesday, the Fed left its benchmark overnight lending rate in a target range of 0% to 0.25% and repeated a vow to use its “full range of tools” to shore up the economy amid what it now says are “considerable risks” over the medium term, perhaps a year or more.