Share News Market today Sensex, Nifty, LIVE share prices: Domestic stock markets started trading negative on the day. The S&P BSE Sensex fell 400 points, while the Nifty 50 fell below 14,200 at the open, but soon regained its levels. IndusInd Bank, Tech Mahindra and Axis Bank were the first attractions. Dr Reddy, Sun Pharma, along with HDFC and SBI were among the winners on the index. Volatility was on the rise, while wider markets were in the red. Nifty IT, Nifty Media, Nifty Metal and Nifty Pharma were among the winners. Bank Nifty was down 1.14%.
As the second wave of the coronavirus pandemic wreaks havoc across the country and disrupts business, Care Ratings has revised its GDP growth forecast to 10.2% in 2021-22, from a previous projection of 10.7- 10.9%. “We have revised our forecast for GDP growth for fiscal year 22, because the basic conditions have changed rapidly in the last 30 days or so. It now stands at 10.2%, “they said. Earlier on March 24, 2021, the agency had forecast a GDP growth of 11-11.2% based on a 10.2% increase in GVA (gross value added). This is Care Ratings’ third review of India’s growth in a month, and as the virus spreads, various states have announced blocking measures in cities or districts, disrupting economic activity.