Investors richer by Rs 5.2 lakh cr as FM concludes Budget speech

NEW DELHI: A number of announcements for healthcare, auto and infra gave a philip to the stock market as benchmark indices surged over 4 per cent after the Finance Minister concluded her budget speech. The market was also relieved as the government avoided any extra cess or increase in Securities Transaction Tax. The marketmen made Rs 5.2 lakh crore during the day, as BSE market cap rose to Rs 191.32 lakh crore on Monday.

Solid gains in the shares of IndusInd Bank (up 11.98 per cent) , ICICI Bank (up 11.44 per cent) , Bajaj Finserv (up 9.62 per cent) , SBI (up 9.23 per cent) and Larsen & Toubro (up 7.74 per cent) gave a big lift to the NSE Nifty index on Monday, as the 50-pack rallied 571.1 points to trade at 14205.7 at 01:52PM (IST).

Overall, 46 of the index constituents traded with gains, while 4 shed weight.

Peer Sensex surged 2046.11 points to 48331.88 at around the same time. On the other hand, the broader BSE Midcap index traded 458.26 points up at 18540.49.

Vodafone Idea, Tata Motors, SAIL, PNB and YES Bank were among the most traded securities on NSE (in volume terms) during the session so far, while in value terms, Tata Motors, ICICI Bank, IndusInd Bank, RIL and SBI were among the chart toppers.

Meanwhile, shares of Sundaram Clayton, ICICI Bank, Cummins India, KNR Construct and Suzlon Energy have scaled their fresh 52-week highs so far. On the other hand, hit their new 52-week low levels.

The sectoral landscape was telling a story. BSE Bankex, which represents the segment that has maximum weightage in the index, was up 7.09 per cent, while the IT Index, another major constituent was up 0.75 per cent. The auto index was up 4.41 per cent. Among others, Capital Goods index was up 4.79 per cent, Realty index up 4.34 per cent, Oil and Gas index up 1.66 per cent, Consumer Durables index up per cent, FMCG index up 2.05 per cent, Metals index up 3.36 per cent and Telecom index up 3.05 per cent.