Share Market News Today | Sensex, Nifty, LIVE stock price: National benchmarks opened with gains on Monday morning. The S&P BSE Sensex was above 52,200 while the Nifty 50 again broke through 15,700. However, within minutes of the day’s trading started, the benchmarks gave up some gains to trade flat. with a positive bias. Power Grid, ONGC and ITC were the main winners of Sensex, while Bajaj Finance, Bajaj Finserv and Asian Paints were the main laggards. India VIX was down 4% on Monday morning as broader markets outperformed benchmarks. Nifty Financial Services and Nifty Pharma were down in the red, all other sector indices were up.
The central government is unlikely to unveil new stimulus measures to help the pandemic-stricken economy emerge from the second wave of covid-19. Instead, the government will focus on budget proposals, mainly in the infrastructure sector. The Union budget presented in February this year, already takes into account the need for a faster recovery from the pandemic which aided the collapse of the economy and involves certain measures that will help in the process. The government will also seek to undertake capital expenditure. Finance Minister Nirmala Sitharaman on Friday instructed various ministries of infrastructure and central public sector enterprises (CPSE) to “kick-start” capital spending and ensure the timely completion of large projects.