Interim Budget: Sensex soars over 400pts, Nifty above 10,900

Image
ANI
Last Updated : Feb 01 2019 | 2:20 PM IST

Market indices saw a significant uptick post the presentation of the interim Budget on Friday.

The Sensex saw a rise of nearly 450 points to trade at 36,728.13, while Nifty traded 130 points higher at 10,963.75 at 1:35 pm.

About 1,214 shares advanced, 929 shares declined, and 118 shares remained unchanged.

Defence and realty stocks were trading in green owing to favourable announcements by the Centre.

Among the major announcements in the interim Budget was the provision of full tax rebate for individual taxpayers with annual income up to Rs 5 lakh.

Finance Minister Piyush Goyal while presenting the budget said around 3 crore middle class taxpayers will get tax exemption due to this measure.

"Individuals with gross income up to Rs 6.5 lakh will not need to pay any tax if they make investments in provident funds and prescribed equities," he added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 01 2019 | 2:05 PM IST

Next Story