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Indices post biggest Budget-day gain; Sensex ends 2,315 points up at 48,601

All that happened in the markets today

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MARKET WRAP | Markets | Union Budget

SI Reporter  | New Delhi 

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EVENT HIGHLIGHTS

LIVE updates: The Indian markets recorded their sharpest-ever Budget rally (in absolute terms) on Monday, ending the session 5 per cent up, as investors cheered the Budget 2021 presented by Finance Minister Nirmala Sitharaman in the Parliament today. The FM announced capital expenditure of Rs 5.54 trillion for FY22 as against Rs 4.39 trillion for FY21. Further, she announced the FY22 disinvestment target at Rs 1.75 trillion while the FY21 fiscal deficit was pegged at 9.5 per cent of GDP. READ WHY THE MARKETS ZOOMED TODAY

Overall, the market capitalization of the BSE-listed companies increased by Rs 6.78 trillion to Rs 192.9 trillion. Among the headline indices, the S&P BSE Sensex gained 2,315 points, or 5 per cent, to 48,601 level. The broader Nifty50 index also reclaimed the psychological level of 14,000 level and closed the session at 14,281. IndusInd Bank (up 15%), ICICI Bank (up 12%), and Bajaj Finserv (up 11%) were the top Sensex gainers. 

Meanwhile, India VIX cooled off 8 per cent to 23.3 levels.

All the Nifty sectoral indices, except Nifty Pharma index, ended the day in green, led by Nifty Bank index up 8 per cent, which recorded its fresh lifetime high. The index also logged its biggest one-day gain.

In the broader markets, the S&P BSE MidCap and SmallCap indices were up 3 per cent and 2 per cent, respectively.

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