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

All that happened in the markets today

4:02 PM

Market View | Ajit Mishra, VP - Research, Religare Broking

We expect this budget rally to extend further however participants should be selective in their approach now. Going ahead, global cues and corporate earnings would also be on the radar. The way the banking index moved on the budget day, we feel it could lead the next leg of the rally alongside infra counters.

3:47 PM

Market stats ::M-cap of BSE listed companies soared by Rs 6.78 trillion to Rs 192.9 trillion

3:45 PM

Broader market underperforms benchmarks

3:43 PM

SECTOR OF THE DAY :: Insurance stocks cheer hike in FDI limit

3:40 PM

STOCK OF THE DAY :: Solid Q3 show lifts ICICI Bank to record high

3:39 PM

STOCK OF THE DAY :: IndusInd Bank zooms 15% on better-than-expected Q3 earnings

3:37 PM

Sectoral trends at NSE :: Nifty Pharma ends 0.5% lower in a strong market

3:36 PM

Sensex Heatmap :: Financials charge ahead on PSB recap, affordable housing boost

3:34 PM

Closing Bell

3:32 PM

Closing Bell :: Sensex logs best Budget day gain in absolute terms

3:26 PM

Was FM's Budget like 'never seen before'? Here's what D-Street mavens say

Thoughtful, unique, better than expectations -- that's how most experts on Dalal Street reacted to Finance Minister Nirmala Sithraman's Budget day presentation. While there is still a need to comb through the finer details of the Union Budget for the financial year 2022, the first impressions look quite promising with the government's focus on measures to boost growth, generate employment and attract investment. READ MORE

3:22 PM

Budget View | Aditya Narain, Head, Research, Institutional Equities, Edelweiss Securities

This is a budget that strikes the right cords. It marks a shift in its basic stance  - expansionary now, focuses on the plumbing of the operating environment through clearing regulatory cobwebs, and sets a path for a longer term policy stance. The markets will like it, it’s what a lot of economic doctors have been ordering, and while there will be risks in inflation and the currency, this is the time to take those risks. We do believe market players will be ready to take risk on the back of the approach and the risks the budget is taking. 

3:19 PM

NEWS ALERT | We decided to spend big on Infra in this Budget: Finance Minister

-- We attended to the need of the Health sector: FM

-- Decided to give greater impetus to the Economy in this Budget: FM

3:12 PM

Budget View | Dhiraj Relli, MD & CEO, HDFC Securities

The FM has delivered a unique Budget, wherein all the right measures have been proposed to speed up growth. The move of rationalization of spends, minimal changes to the direct and indirect taxes and no additional taxes will be well received. Higher spending will kickstart a virtuous cycle of growth. The expansion in spending will be funded by higher borrowings which has the potential to create an upward pressure on inflation and interest rates a few months down the line. We believe that the RBI will be in sync with the Govt and both will take necessary action to prevent this happening.

3:06 PM

Budget 2021 boosts rally in financials; ICICI, IndusInd, IDBI Bank jump over 10%

Shares of financials including banks, non-banking housing finance companies (NBFCs), housing finance, and insurance companies were in focus on Monday as they surged up to 20 per cent as Finance Minster Nirmala Sithraman, while presenting the Union Budget for financial year 2021-21, made various announcements including increase in foreign direct investment (FDI) limit in the insurance sector, recapitalisation and privatisation of public sector banks (PSBs). That apart, strong Q3 performance of certain individual banks for the quarter ended December 2020 (Q3FY21) also boosted sentiment. READ MORE