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Sensex reclaims Mt 50K in early trade; L&T, HDFC Bank gain over 5%
Benchmark equity indices BSE Sensex and NSE Nifty extended their gains for the second straight session on Tuesday after Finance Minister Nirmala Sitharaman presented an expansionary Union Budget for 2021-22.
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Stocks to watch today: Indigo Paints, HDFC, Hero MotoCorp, Axis Bank, Eicher Motors, Coal India
Indigo Paints will debut on the bourses today after finalising the issue price at Rs 1,490 per share - the higher price band of its public offer.
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Budget 2021: FM Nirmala Sitharaman explains why government decided to spend big on infrastructure
With an objective to provide better impetus to the ailing economy, the government choose infrastructure and healthcare sector as two big themes in the Budget 2021.
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India Inc leaders chuffed with Budget 2021 announcements
Uday Kotak, Anand Mahindra, Kiran Mazumdar-Shaw and Harsh Goenka showered praises on Nirmala Sitharaman for delivering a growth-oriented Budget.
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Budget 2021: ULIPs with premium income of more than Rs 2.5 lakh now taxable
Unit linked insurance plans offers a combination of both investment and insurance. It offers a chance to invest in stock markets including government and corporate bonds, as per the preference of the policyholder.
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Budget 2021 highlights: Relief for senior citizens, LIC IPO, boost for infra
The Finance Minister in the budget has proposed increasing the FDI limit in the insurance sector from 49% to 74% in the budget 2021-22.
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Market cheers budget 2021 Sensex skyrockets over 2,300 pts; Nifty reclaims 14,000
Sensex ended at 48,600.61, up 2314.84 or 5.00%, while Nifty climbed 646.60 points or 4.74% to settle at 14,281.20.
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Budget 2021: Gold prices fall after cut in custom duty to 7.5%
Following the announcements, gold futures fell more than Rs 900 at 1.84% and is currently trading at Rs 48,430.
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Budget 2021 does not have much for startups: Bhaskar Majumdar, Unicorn India Ventures
He told Money9 that although he feels the Budget scored on most parameters, it does not have anything substantial for startups.
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Budget 2021: Interest income on Provident Fund contribution above Rs 2.5 lakh taxable
Currently, an individual can invest up to 12% of basic salary (including dearness) in EPFO. But through voluntary contribution, this limit can be increased to 100%.
