Sensex
Banking stocks lift markets, Sensex breaches 50,55O-mark again
Accordingly, buying momentum was triggered after the market opened on a flat note due to profit booking. Amongst sectoral indices, PSU Banks, Metal, FMCG and Auto indices were the major gainers. Market Breadth also remained strongly in favour of advancing counters for fourth consecutive session.
Sensex, Nifty hit fresh record highs
BSE Sensex touched a high of 50,231.39, and the Nifty50 touched a record high of 14,754.90 points during the initial trade. Healthy buying was witnessed in healthcare, consumer durables and IT stocks. The market has, however, trimmed gains and has declined from its record levels. Around 9.40 a.m., Sensex was trading at 49,930.61, higher by 132.89 points or 0.27 per cent from its previous close of 49,797.72.
Share Market: Budget boosts bourses, Sensex rises over 1,000 points
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. Amongst sectors, buying was witnessed in Media, Banking and Auto indices. Banking stocks surged after the Finance Minister on Monday announced that two public sector banks will be privatised apart from the IDBI Bank in the upcoming financial year.
Share Market: Sensex reclaims 50,000 over Budget euphoria
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.
India's own 'Cash for Clunkers' announced, auto stocks jump
The long-awaited policy move that is expected to encourage new vehicle purchases was announced during the Budget 2021-22 presentation in Parliament on Monday. However, the finer details of the scheme will be announced later.
Budget Boost: Sensex jumps 2,000 points
Around 1.50 p.m., Sensex was trading at 48,346.88, higher by 2,061.11 points or 4.45 per cent from its previous close of 46,285.77 points. The Nifty50 on the National Stock Exchange was trading at 13,826.45, higher by 191.85 points or 1.41 per cent from its previous close.
Markets expected to be volatile today
The Sensex was up by 387 points at 46,673 points in morning trade as all eyes were on the crucial Budget to be presented by Finance Minister Nirmala Sitharaman. Indusind Bank, ICICI Bank were the top gainers in the 30 share index. IT and pharma stocks are in the red while all other sectors in the indices are trading in the green.
Global cues, profit booking dent equities, Sensex down 535 points
Besides, the flight of foreign funds from the domestic market due to nervousness over the upcoming Budget FY21 and derivatives expiry led to the sharp correction. Globally, Asian and European shares slipped after a major sell-off was triggered at Wall Street. On the domestic front, NSENifty50 opened a gap down and continued to remain under pressure ahead of the Union Budget on Monday.
Bears take charge, Sensex gives up 47,000
Heavy selling was witnessed in finance, banking and IT stocks. At 12.14 p.m., the Sensex was trading at 46,866.83, lower by 543.10 points or 1.15 per cent from its previous close of 47,409.93. It opened at 46,834.57 and has so far touched an intra-day high of 47,172.02 and a low of 46,821.21 points.
Sensex plunges 1,000 points, Nifty below 14,000
Around 2.45 p.m., Sensex was at 47,310.81, lower by 1,036.78 or 2.14 per cent from its previous close.The Nifty50 also fell below the psychological 14,000-mark. It was trading at 13,944.25, lower by 294.65 points or 2.07 per cent from its previous close.
Advertisement