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Benchmarks extend losses, breadth negative

Read more about Benchmarks extend losses, breadth negative on Business Standard. The benchmark indices extended losses in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, skid 99.48 points or 0.20% at 49,417.63. The Nifty 50 index lost 12.90 points or 0.09% at 14,550.55.

Sensex, Nifty hit day s low; breadth turns weak

Key equity barometers hit fresh intraday low as selling intensified in mid-afternoon trade. At 14:24 IST, the barometer index, the S&P BSE Sensex, was down 233.96 points or 0.47% to 49,283.15. The Nifty 50 index lost 66.70 points or 0.46% to 14,496.75. Investors continued to monitor the developments on the US political front as the US House of Representatives is expected to vote on an impeachment motion against President Trump today. The broader market underperformed the benchmark indices. The S&P BSE Mid-Cap index fell 1.13%. The S&P BSE Small-Cap index slipped 0.79%. Sellers outpaced buyers. On the BSE, 1051 shares rose and 1957 shares fell. A total of 149 shares were unchanged.

India s GDP may contract 7 7% in FY21: Govt data

India’s GDP may contract 7.7% in FY21: Govt data The first advance estimates of growth released by the government indicate that the GDP is likely to contract 7.7 per cent in the current fiscal year. The 7.7 per cent contraction is a big blow to the economy when compared with the 4.2 per cent growth recorded in 2019-20.  advertisement India s GDP is expected to contract 7.7 per cent in 2020-21. (Photo: Reuters) The first advance estimates of economic growth released by the government show that the economy is likely to contract 7.7 per cent in the current fiscal year. The 7.7 per cent contraction is a big blow to the economy when compared with the 4.2 per cent growth recorded in 2019-20.

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