As the Finance Minister, Nirmala Sitharaman is announcing the Union Budget 2021, the markets have picked up, gaining by remarkable numbers.
At around 11:50 AM, the S&P BSE Sensex was trading higher by 869.80 pts at 47,155.57.
The NSE index, Nifty was up by 1.57% and trading at 13,848.85 pts.
In the sectoral indices list, pharma and IT stocks were the only ones in the red.
Bank stocks were trading higher by 2.88% while PSU bank was up 1.49%.
The other heavyweight, Nifty FMCG gained by 0.30%, while Private Bank stocks were in the spotlight rising by 3.08%.
IndusInd Bank rose by a whopping 9.59% while
ICICI Bank gained 6.10%,
HDFC rose 4.07% and Hindalco and
L&T gained over 3.2% each, making it to the list of top gainers.
UPL was the top loser, down by 7.59%, while Dr Reddys was down 3.37%. Wipro shed 1.90% and Tech Mahindra lost over 1.8% share price. TCS too made it to the list of top losers shedding 1.21%.