Welcome to Mint live blog. Tap this space for latest news and updates on stock markets. Reliance Industries, State Bank of India, Maruti Suzuki, Adani Power, Federal Bank, Lupin, Bharat Forge, Future Consumer, TVS Motor and Ujjivan Financial Services.
Rating agency, Standard and Poor’s (S&P) said India's economy will contract 5% in fiscal 2021 assuming that the ongoing coronavirus pandemic will peak by September quarter.
S&P’s Indian arm, Crisil on Monday made similar forecasts. “The covid-19 outbreak in India and two months of lockdown--longer in some areas--has led to a sudden stop in the economy.
That means growth will contract sharply this fiscal year. Economic activity will face ongoing disruption over the next year as the country