‘Doomsday’ Over In 2 Days: Sensex Zooms 917 Points To Exceed Pre-Budget Levels

‘Doomsday’ Over In 2 Days: Sensex Zooms 917 Points To Exceed Pre-Budget LevelsSENSEX (BSEINDIA/Wikimedia Commons)

The Sensex on Tuesday (4 February) zoomed by 917 points to exceed the pre-budget figure of 40,749. The index finally closed at 40,789.38. The NIFTY rose by 2.32 per cent, to close at 11,979.

The biggest gainers of the day were Titan, Bharti Infratel, Indian Oil, Bajaj Finserv and BPCL. IRCTC too has been performing strongly and has closed at 1,431 - up by over 14 per cent.

It should be recalled that soon after the presentation of the Finance Budget 2020-21 the Sensex had slumped almost a 1,000 points to close at 39,735. This led many to discredit the budget and also led to borderline doomsday predictions among some social media ‘analysts’.