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The BSE Sensex has given positive returns to investors on seven out of the 14 Union Budget presentation days of the Narendra Modi government since it came to power in 2014. The NDA government, led by Prime Minister Narendra Modi, has so far presented 14 budgets, including two interim budgets ahead of the general elections in 2019 and 2024. Benchmark indices Sensex and Nifty ended flat in a special trading session on Saturday. In a day market with heavy volatility, the 30-share BSE benchmark Sensex eked out a marginal gain of 5.39 points or 0.01 per cent to settle at 77,505.96. During the day, it hit a high of 77,899.05 and a low of 77,006.47, gyrating 892.58 points. Prior to this, markets were open on February 1, 2020, and February 28, 2015, which were both on Saturdays when the Budgets were presented. "The Budget was a bold and decisive one to spur economic growth by reviving consumption. With no income tax on income up to Rs 12 lakh, the Budget has ensured that the middle class
The market capitalisation of BSE-listed firms reached a record high of Rs 297.94 lakh crore in early trade on Monday as the benchmark Sensex hit the 65,000 mark for the first time ever amid bullish investor sentiments. The BSE benchmark jumped 514.08 points to hit its record high of 65,232.64 in early trade. The benchmark has been rallying for the fourth straight trading session on Monday. Thanks to the ongoing rally in equities, the market capitalisation (mcap) of BSE-listed companies jumped to Rs 2,97,94,780.47 crore in early trade. On Friday, the market capitalisation of BSE-listed firms touched an all-time high of Rs 296.48 lakh crore. From the Sensex pack, HDFC, HDFC Bank, UltraTech Cement, Tata Steel, Bajaj Finance, ICICI Bank, Mahindra & Mahindra, State Bank of India, Reliance Industries and Bajaj Finserv were the major gainers. Power Grid, Maruti, Larsen & Toubro, Tech Mahindra, Axis Bank, Hindustan Unilever and Asian Paints were among the laggards. In Asian markets, ..