Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates 25 oct 2019

By The editor On Oct 25, 2019

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Share Market News Today | Sensex, Nifty, Share Prices LIVE: The headline indices Sensex and Nifty registered their second best Samvat in 4 years, even as the stock market remained volatile through the year. The Sensex closed Samvat 2075 12% higher and Nifty ended the session about 10% up. The Sensex closed Friday’s session 38 points higher at 39,058; while the Nifty closed the session 2 points up at 11,584. Yes Bank, SBI, ICICI Bank, Sun Pharma were among the biggest gainers, surging up to 8%. Tata Motors, VEDL, HDFC were among the biggest losers, shedding up to 5%. International rating agency Fitch Ratings slashed India’s GDP growth forecast in the current fiscal to 5.5 percent citing large credit squeeze emanating from NBFC’s, which has pushed economic growth to a six-year low. Earlier in June, Fitch had put India’s growth at 6.6 percent for the fiscal, saying that the recent Narendra Modi-led govt’s measures to boost economy including a cut in corporate tax rates will gradually nudge growth. Fitch’s latest FY20 forecast cut comes just after India’s massive 14 rank jump in World Bank’s Ease of Doing Business. Yesterday, FM Nirmala Sitharaman has critically acknowledged India’s position in the Ease of Doing Business by pointing out a slow rise in the parameter– ‘Starting Business’, while the country’s overall rank improved by 14 spots to rank 63. She highlighted that the parameter of starting a business is very critical and India has improved only one rank in this. Nirmala Sitharaman also said that Insolvency and Bankruptcy Code, NCLT, and NCLAT have together made India to substantially improve its rank in the World Bank’s Doing Business report. The headline indices Sensex and Nifty opened flat on Friday morning, tracking global cues. The gauge has gained about 11% in Samvat 2075, amid volatile stock market activity through the year. A look at highlights.

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