Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading at fresh record highs on Wednesday, a day before weekly F&O expiry. BSE Sensex was above 60,800, while NSE Nifty was just short of 18,200. Mahindra and Mahindra, Tech Mahindra, Bajaj-Auto, Asian Paints, NTPC, L&T, Bajaj Finserv, Kotak Mahindra Bank were top Sensex gainers. Tata Steel, State Bank of India (SBI), Infosys and Hindustan Unilever Ltd (HUL) were among the top Sensex losers. On the sectoral front, barring Nifty Media, all the sectoral indices were trading in the positive territory. Nifty Bank index gained 0.4 per cent, Nifty Auto 2.2 per cent, and Nifty IT was up half a per cent.
India’s economy, which contracted by 7.3 per cent due to the COVID-19 pandemic, is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022, according to the latest projections released by the International Monetary Fund on Tuesday. India’s growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections.
Copyright © Times of London © 2021