https://images.financialexpress.com/2020/04/market1-8-11.jpg — SGX Nifty is lower with 28 points or 0.31 per cent loss at 9,019 on the Singaporean Exchange

Share Market LIVE: Nifty reclaims 9,300, Sensex leaps 1,000 points; Axis Bank surges 14%, ICICI Bank jumps 10%

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmark indices BSE Sensex and Nifty 50 again turned positive in Wednesday's trade

27 May 2020, 10:01 by FE Online

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmark indices BSE Sensex and Nifty 50 were trading nearly 3 per cent higher in Wednesday’s trade. The 30-share Sensex gained 900 points or 2.93 per cent to trade at 31,563., while the Nifty 50 index was ruling above 9,250-mark. Axis Bank share price surged 14 per cent, followed by 10% gain ICICI Bank, 7 per cent gain in Kotak Mahindra Bank. IndusInd Bank, Bajaj Finance, SBI and HDFC Bank were among other gainers on the index. Barring Nifty Media, all the sectoral indices were trading in positive territory. Nifty Bank index advanced over 8 per cent led by gains in Axis Bank, ICICI Bank and Bandhan Bank. Similarly, Nifty IT index was also up over 2 per cent.

India’s fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, CRISIL said on Tuesday as it predicted the economy to shrink by 5 per cent in the current fiscal because of coronavirus lockdown. “The first quarter (April to June 2020) will suffer a staggering 25 per cent contraction,” it said in its assessment of India’s GDP.