Tech Mahindra, Infosys, UltraTech Cement, Power Grid Corporation of India, NTPC, Sun Pharma, HCL technologies were among top gainers

Banking, finance sectors stocks were in heavy demand today after the Supreme Court said it would hear the loan moratorium on Nov 5, which many believe will be in the favour of banks

Low interest rates should not become the new normal to save the financial system and address dismal economic growth. There's a need for a debate to address the growth issues by having more productive fiscal policies, better monetary policy transmission, and investment in infrastructure. The RBI, so far, has obliged with sharper cuts in key interest rates than expected in the last 18 months, which are likely to continue with the contraction of the economy in the current fiscal. In the last decade, the US and eurozone have kept interest rates at near zero level and infused surplus liquidity into the system, with no return to the growth and inflation staying below the targeted level. Watch as Anand Adhikari, Executive Editor, Business Today, explains.Also Read: India's quarterly gold jewellery demand falls 48% to 53 tonnes

Rising COVID-19 cases in eurozone and fresh round of lockdown in many countries weighed on investors' sentiment, analysts suggested. Moreover, sentiments stayed muted as RBI is set to release its weekly FX reserves figures today

The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook, an improvement over a 5.2% contraction predicted in June, when pandemic-related business closures reached their peak

Gold, Silver prices today: Amid concerns over fresh rounds of coronavirus-induced lockdowns across Europe and Britain, precious metals continued falling for the fourth straight session overseas

Gold, Silver prices today: Gold and silver prices turned red on a firm dollar and as investors were concerned about the fresh coronavirus-induced curbs, denting hopes of a swift economic recovery.

India Stock Market News Updates Today: Bharti Airtel, Tata Steel, PowerGrid, NTPC, ONGC, TCS and Bajaj Auto were among the laggards on Sensex pack. On the other hand, Infosys, HCL Tech, Asian Paints, Kotak Bank, Titan and HDFC Bank were among the other gainers.

IndusInd Bank, followed by Bharti Airtel, Tata Steel, ICICI Bank, M&M, Maruti, Axis Bank and ONGC were the top losers on Sensex. On the other hand, Kotak Bank, Infosys and TCS were the gainers

At the interbank forex market, the domestic unit opened at 73.42 against the US dollar, gained further ground and touched 73.39 against the US dollar, registering a rise of 16 paise over its previous close

Barring China, the world's second-largest economy, all other major economies have felt the negative impact of coronavirus pandemic

India Stock Market Highlights Today: HDFC, followed by Axis Bank, Asian Paints, SBI, ICICI Bank, Kotak Bank, IndusInd Bank and HDFC Bank. On the other hand, Sun Pharma, Reliance Industries, Tech Mahindra and Infosys were among the gainers

The profit margins for the IT sector will go down as the COVID-19 pandemic has delayed new projects' off-take and deal conversion, while higher price discounts and lower economic growth across the world curtailed overall IT services spend, said ICRA

Fitch expects output in emerging markets, excluding China, to fall by 4.5 per cent this year compared to a predicted fall of 1.9 per cent before

While almost all major economies are shrinking as a result of coronavirus, only three countries China, India, and Indonesia are projected to experience small, but positive rates of economic growth in 2020

The Labor Department said Friday that 20.5 million jobs vanished in April in the worst monthly loss on record, triggered by coast-to-coast shutdowns of factories, stores, offices and other businesses

The losses reflect what has become a severe recession caused by sudden business shutdowns in nearly every industry

Eurostat also said consumer prices in the euro zone grew 0.3% month-on-month in April for a 0.4% year-on-year increase, slowing from 0.7% year-on-year in March

Last year, telcos across the board hiked mobile tariffs for prepaid subscribers by 20-50 per cent in an attempt to increase their low APRUs (average revenue per user)

The decline in GDP growth was attributed to a projected fall in consumer spending to just 0.3 per cent in FY21 from 5.5 per cent a year back and a 3.5 per cent contraction in fixed investment