Insta
‘Budget Euphoria’: Sensex Gains Over 1,400 Points To Reclaim Landmark 50,000 Mark
IANS
Feb 02, 2021, 10:19 AM | Updated 10:19 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Financial markets continued to surge on Tuesday (2 February) morning with the BSE Sensex gaining over 1,400 points to reclaim the landmark 50,000-mark.
Investors continued to cheer the fact that the budget did not announce any additional burden in terms of taxes or cess on citizens and corporates.
Healthy buying was witnessed in banking, finance and auto stocks.
Banking stocks surged after the Finance Minister announced that two public sector banks will be privatised apart from the IDBI Bank in the upcoming financial year.
Around 9.35 a.m., Sensex was trading at 50,004.06, higher by 1,403.45 points or 2.89 per cent from its previous close of 48,600.61.
It opened at 49,193.26 and has touched an intra-day high of 50,021.59 and a low of 49,193.26 points
The Nifty50 on the National Stock Exchange was trading at 14,687.35, higher by 406.15 points or 2.84 per cent from its previous close.
This news has been published via a Syndicated feed. Only the headline is changed.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.