Share Market News Today | Sensex, Nifty, Share Prices LIVE: Dalal Street headline indices were up with gains on Wednesday. After opening flat with negative bias, S&P BSE Sensex was up nearly 250 points or 0.44% to sit above 55,500 while NSE Nifty 50 index was up 70 points, breaching 16,550. Bank Nifty was above 36,600. India VIX was in the green, sitting past 18 levels. Larsen & Toubro was the top Sensex gainer, up 2.78%, followed by Sun Pharma, and Indusind Bank. Bharti Airtel was down 1.78% as the worst performing Sensex stock, followed by Bajaj Finserv, and Kotak Mahindra Bank.

As fears of a global recession grow, India’s GDP forecast has been trimmed by the International Monetary Fund (IMF) to 7.4% from 8.2% earlier. IMF’s forecasts come at a time when the US economy has already shrunk by 1.5% in the March quarter and many fear that growth may have slipped into the negative zone in the June quarter as well. For the global real GDP growth, IMF has slashed its projections to 3.2% in 2022 from 3.6% forecast in April. IMF’s projection was slightly higher than the 7.2% that the Reserve Bank of India projected earlier this year.

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