Finance Minister Nirmala Sitharaman today presented the General Budget for FY 2021-22 in Parliament. This third budget of Nirmala Sitharaman is very important for the country’s economy. After the Budget speech, the market recorded a record-breaking boom. For the first time in the nine budgets of the Modi government, the Sensex has gained so much.
Sensex’s biggest boom in 24 years on budget day
It is known that on Budget day, this is the biggest boom in the Sensex in 24 years. The BSE index has closed up five percent. President of FICCI Uday Shankar has said that despite the badly affected economy, the government did not announce any new tax. It shows that the government has taken care of all the sectors in the budget. However, there is talk of a new cess in the budget.
IndusInd Bank shares fastest
Today, the stock of IndusInd Bank has recorded strong gains throughout the day. It closed at 15.14 percent. ICICI Bank, Bajaj Finserv, SBI, and L&T were followed by gains. Talking about the declining shares, today UPL’s share fell the most i.e. 4.43%. This was followed by shares of Doctor Reddy, Cipla, Tech Mahindra, and Hindustan Unilever.
All sectors closed on green mark except Pharma
If we look at the sectoral index, today all sectors except pharma closed on the green mark. These include banks, private banks, PSU banks, realty, metals, FMCG, financial services, auto, IT, and media.
Sensex closed at 48600 level
Today, the Bombay Stock Exchange’s flagship index Sensex closed at the 48600 levels with a gain of 2314.84 points, or five percent. At the same time, the National Stock Exchange’s Nifty gained 646.60 points (4.74 percent) to close at 14281.20.
IndusInd Bank is the fastest
Currently, IndusInd Bank gained the most, up 15 percent. ICICI Bank, Bajaj Finserv, SBI, and L&T were followed by gains. On the other hand, shares of UPL, Doctor Reddy, Spla, Tech Mahindra, and Hindustan Unilever are seen falling.
Sensex up 2230.64 points
At 3.02 pm, the Sensex was trading at 48516.41, up 2230.64 points. The Nifty was up 644.55 points at the 14279.15 level.
Investors made a profit of Rs 5.2 lakh crore
There has been a strong jump in the stock market from the Union Budget. Investors have been quite excited. During this period, he got a profit of Rs 5.2 lakh crore from the surge in the shares of listed companies. The market capitalization of listed companies on the BSE has been Rs 191.32 lakh crore.
Sensex rises by more than 2100 points
At 2.34 pm, the Sensex rose by over 2100 points. It was trading at a level of 48455.57, up 2169 points (4.69 percent). The NSE was up by 606 points at 14240.60.