Budget impact: Nifty Metal index soars 4%; Tata Steel, SAIL rally up to 8%

This government has allocated Rs 7.5 trillion towards capital expenditure, up 35.4 per cent higher compared to the previous year's figure of Rs 5.5 trillion.

Shares of metal companies rallied up to 8 per cent on the National Stock Exchange (NSE) in Tuesday’s intra-day deal after the government announced Rs 7.5 trillion capex plans for the financial year 22-23.

The Nifty Metal index, was the top gainer among sectoral indices, up 4.5 per cent, as compared to 1.4 per cent rise in the Nifty 50 index.

Among the individual stocks from the index, Tata Steel rallied 8 per cent to Rs 1,174 on back of heavy volumes. The trading volume at the counter more-than-doubled with a combined 16 million shares changing hands on