India VIX was down in the red.(Image: REUTERS)
Share Bazaar News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices were trading with gains on Wednesday. S&P BSE Sensex was near 52,400. Nifty 50 index was at a fresh all-time high of 15,792. On Sensex, Power Grid, NTPC, HCL Technologies, and ONGC were the top gainers. Maruti, Larsen & Toubro, Reliance Industries were among the laggards along with ICICI Bank and Axis Bank. Bank Nifty was trading with gains. The volatility gauge, India VIX, was down 2.3%. Broader markets were outperforming benchmarks.
The World Bank has projected India’s economic growth for 2021 to stand at 8.3%, once the lowest forecasts so far. The global lender has further said that in 2022, India’s economic growth will stand at 7.5%. Earlier this year, World Bank had predicted that India’s economy will grow at 10.1% in 2021 as the country bounced back from the pandemic swiftly. However, the gruesome second wave of Covid-19 pandemic has forced many economists to trim projections. “India’s recovery is being hampered by the largest outbreak of any country since the beginning of the pandemic,” the World Bank said. In the financial year 2020, India’s economy contracted 7.3%.
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