Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic stock markets have continued to move greater breaching important resistance zones as bulls take manage on Dalal Street. S&P BSE Sensex at the moment sits at 50,193 though the Nifty 50 index is placed at 15,108. Auto stocks and metals along with choose financials have aided the rally. However, the gaining streak could take a breather on Wednesday morning. SGX Nifty was down 85 points for the duration of the early hours of trade, hinting at a gap-down opening. Global cues have been damaging with Wall Street equity indices getting closed in the red and Asian peers moving southward.
Credit development at banks and non-bank economic corporations (NBFCs) could be slowing down in India as industrial paper issuance dropped on-year basis in April. Data released by the Reserve Bank of India (RBI), showed that CP issuances have been to the tune of Rs 89,576 crore in April 2021, down from Rs 1.33 lakh crore in April 2020. Interestingly, April 2020 was a month of nationwide lockdown, in contrast to the smaller sized lockdowns at the moment in impact across states. The second, more serious wave of the coronavirus, is believed to be hindering credit development. Analysts think, each banks and NBFCs have now turned cautious about the well-being of their workers.