Indices Continue Post Budget Rally, Sensex Jumps 1250 Points, Nifty Above 14650
Sensex trades at 49992 up 1321 points. While the Nifty50 is up 384 points or 2.69% at 14672.
Budget 2021 has laid the foundation for India moving towards a $5 trillion economy, and the dalal street is loving it. Benchmark indices continue its post budget rally for the second day. Sensex trades at 49992 up 1321 points. While the Nifty50 is up 384 points or 2.69% at 14672.
The broader market is also upbeat as all sectoral indices opened in green
| Index | Current | % Change |
| NIFTY BANK | 34,040.15 | 2.87 |
| NIFTY AUTO | 10,451.45 | 2.19 |
| NIFTY FIN SERVICE | 16,179.90 | 3.04 |
| NIFTY FMCG | 33,984.45 | 0.88 |
| NIFTY IT | 25,526.30 | 2.42 |
| NIFTY MEDIA | 1,740.10 | 1.96 |
| NIFTY METAL | 3,281.00 | 1.67 |
| NIFTY PHARMA | 12,222.20 | 0.98 |
| NIFTY PSU BANK | 1,996.10 | 2.04 |
| NIFTY PVT BANK | 18,533.35 | 2.73 |
| NIFTY REALTY | 331.3 | 1.95 |
Source: NSE
Nifty Bank, Nifty Fin Service & Nifty Pvt Bank are all trading at their 52 week highs.
Tata Motors, Larsen & Toubro, HDFC Bank, SBI, Bajaj Finance, HDFC Ltd, Axis Bank, UPL, Kotak Mahindra Bank & ICICI Bank are among the top movers. Whereas Hero Motocorp, Reliance Industries & Hindustan Unilever are the loser on NSE.
Results today: HDFC, NOCIL, Cera Sanitaryware, Dhanuka Agritech, Escorts, HDFC, Tata Consumer Products, Tata Investment and Wonderla Holidays are slated to announce their results on Tuesday.
Another stock to watch for today is Indigo Paints debut on the bourses today after finalising the issue price at Rs 1,490 per share – the higher price band of its public offer.