Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices mirrored international cues on Wednesday’s opening bell and started trading flat. S&P BSE Sensex was dancing among marginal gains and losses just after opening at 52,401. Nifty 50 index was holding just above 15,700. On Sensex, ONGC, Power Grid, Infosys, and HCL Technologies had been the top rated gainers. Ultratech Cement, ICICI Bank, and Kotak Mahindra Bank had been amongst the laggards. Bank Nifty was down in the red, along with the volatility gauge, India VIX. Broader markets had been outperforming benchmarks.
The World Bank has projected India’s financial development for 2021 to stand at 8.3%, after the lowest forecasts so far. The international lender has additional stated that in 2022, India’s financial development will stand at 7.5%. Earlier this year, World Bank had predicted that India’s economy will develop at 10.1% in 2021 as the nation bounced back from the pandemic swiftly. However, the gruesome second wave of Covid-19 pandemic has forced quite a few economists to trim projections. “India’s recovery is being hampered by the largest outbreak of any country since the beginning of the pandemic,” the World Bank stated. In the monetary year 2020, India’s economy contracted 7.3%.