The Union Budget 2021 has pumped in a sense of optimism in investors who are taking the markets to highs, gaining by record numbers.
While Sensex opened at 46,617 on Monday, it has now gained over 1,850 pts to climb up to 48,138.86pts, a record gain.
Nifty, too, recovered from its slumping performance last week to reclaim the 14K levels. At around 1:44 PM, it was at 14,139 pts, having gained 500 pts during the day.
The sectoral indices pulled in record gains with the Nifty Bank heavyweight gaining over 7.12%, led by IndusInd Bank skyrocketing over 12.24%.
ICICI Bank was close at its heel, gaining over 11.72% while SBI gained 9.36%.
Nifty Financial Services stocks were up by 6.54% while PSU Bank and Private Bank stocks pulled in gains of ober 6.79% and 6.89% respectively.
Auto stocks were higher by 4.24%.
Pharma stocks were the only ones on the sectoral bucket to be trading in the green.
Indus Ind Bank, ICICI, Bajaj Finserv (+9.27%), SBIN and HDFC (+7.42%) were the top gainers.
While UPL made it to the list of top losers, down by 5.11%. Dr Reddy shed over 4%, while Tech Mahindra was down 1.66%. Cipla too shed by over 0.82%.
All the other 46 stocks on Nifty were trading in the green.
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