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- Budget 2021 boosts financials; ICICI, IndusInd, IDBI Bank jump over 10%
- Bad bank, no Covid cess: Why Sensex zoomed 2,300 pts post Budget proposals
- Insurance shares gain on hike in FDI limit to 74%; Bajaj Finserv surges 9%
- Dr Reddys falls 10% in 2 days, hits over 4-month low post Q3 results
- Road & highway construction firms rally up to 13% on infra push in Budget
- KRBL tanks 19% as ED arrests Joint MD in AugustaWestland case
- IndusInd Bank surges 14% in two days as asset quality improves in Q3
- Sensex, Nifty open higher ahead of Budget presentation at 11 am today
- ICICI Bank rallies 6%, hits record high on strong December quarter results
Indices post biggest Budget-day gain; Sensex ends 2,315 points up at 48,601
All that happened in the markets today
Topics
MARKET WRAP | Markets | Union Budget
SI Reporter |
Last Updated at February 1, 2021 16:02 IST
EVENT HIGHLIGHTS
LIVE updates: The Indian markets recorded their sharpest-ever Budget rally (in absolute terms) on Monday, ending the session 5 per cent up, as investors cheered the Budget 2021 presented by Finance Minister Nirmala Sitharaman in the Parliament today. The FM announced capital expenditure of Rs 5.54 trillion for FY22 as against Rs 4.39 trillion for FY21. Further, she announced the FY22 disinvestment target at Rs 1.75 trillion while the FY21 fiscal deficit was pegged at 9.5 per cent of GDP. READ WHY THE MARKETS ZOOMED TODAY
Overall, the market capitalization of the BSE-listed companies increased by Rs 6.78 trillion to Rs 192.9 trillion. Among the headline indices, the S&P BSE Sensex gained 2,315 points, or 5 per cent, to 48,601 level. The broader Nifty50 index also reclaimed the psychological level of 14,000 level and closed the session at 14,281. IndusInd Bank (up 15%), ICICI Bank (up 12%), and Bajaj Finserv (up 11%) were the top Sensex gainers.
Meanwhile, India VIX cooled off 8 per cent to 23.3 levels.
All the Nifty sectoral indices, except Nifty Pharma index, ended the day in green, led by Nifty Bank index up 8 per cent, which recorded its fresh lifetime high. The index also logged its biggest one-day gain.
In the broader markets, the S&P BSE MidCap and SmallCap indices were up 3 per cent and 2 per cent, respectively.
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