After a weak start, indices shed off losses of more than 400 points on the Sensex to trade flat towards the end of the session. Sensex ended higher by 0.02% at 46263, while Nifty clocked levels of 13576 at the close. There was seen pressure in the FMCG pack and Nifty Bank also ended with losses.
S&P Global Ratings amid falling Covid 19 infection and rising demand has improved India’s growth forecast for the current fiscal to -7.7 percent from -9 percent earlier.
In trade today, Bajaj Finance hit a fresh high and crossed m-cap of Rs. 3 lakh crore of Rs. 5150 per share. The stock settled higher by 5% at Rs. 5122.5
Shares of DHFL after the bidding process has been completed today were locked in 5% lower circuit for the second consecutive day on profit booking.
Mrs Bectors IPO got an overwhelming response in first half of the bidding day after stellar listing of Burger King on the bourses.
Meanwhile European shares are trading positive with French CAC and German DAX both up in trade. Also US stock futures points to a good start for the US markets with S&P stock futures up 0.61 percent.
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