Share market news today | Sensex, Nifty, share prices: The domestic stock markets started trading the day in the green. S&P BSE Sensex was above 49,900 while the nifty 50 index regained 15,000. Bank stocks rebounded, with SBI, IndusInd Bank, ICICI Bank, Kotak Mahindra Bank and HDFC Bank being the top index winners. All sector indices traded with gains, Bank Nifty gained 1.11%. Broader markets reflected the upward move while the volatility index fell.
After the second wave of the Covid-19 pandemic, Swiss brokerage Credit Suisse cut its nominal GDP growth forecast by 150-300 basis points to 13-14% to gauge its impact on the economy and consumer sentiment, but expects a stronger recovery in the second half, as the lockdowns have only a limited impact on tax collection. “Our macro strategy team expects the overall impact of the pandemic restrictions on GDP in the baseline to be around 150 basis points. Even if we assume an impact of 300 basis points if the nationwide restrictions are extended, nominal FY22 GDP growth can still be 13-14 percent, ”said Jitendra Gohil and Premal Kamdar, equity analysts at Credit Suisse Wealth Management India. in a statement on Thursday.
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