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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 111 points at the opening bell.
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.
The market capitalisation of BSE-listed firms jumped by Rs 5.20 lakh crore to Rs 191.32 lakh crore.
The 30-share Sensex was trading 929.54 points or 2.01 per cent higher at 47,215.31; and the broader Nifty surged 260.05 points or 1.91 per cent at 13,894.65.
Benchmark equity indices BSE Sensex and NSE Nifty opened higher on Monday ahead of the Union Budget 2021.
Market is awaiting key reforms that could push growth and kickstart the capex cycle in the economy.
Benchmark equity indices BSE Sensex and NSE Nifty are likely to stay volatile on the budget day on February 1.
Benchmark equity indices extended their losses for the sixth session on January 29 as the pre-Budget Economic Survey failed to cheer market participants
Benchmark equity indices witnessed a sharp fall during the week ended 29th January. The mood in the market was fragile as investors became wary of risks due to upcoming budget and heavy selling by FIIs.
We feel the next support is at 13,500 and a breach of the same might force the index towards 13,131 in case of any negative surprises from the Budget 2021.