- Rupee gains but market unsure of inflows amid global rush to US dollar
- Road-based logistics sector may see 7-9% revenue rise this fiscal: Report
- Chipmakers revive global stocks as euro struggles after freefall
- This Vijay Kedia-owned stock has more-than-doubled since April
- Tarsons Products hits 8-month high on heavy volume; soars 20% in a week
- TCS Q1 revenue may rise up to 16% YoY, say analysts. What brokerages expect
- These three sectors may sparkle if markets revive sooner-than-expected
- BSE Auto index hits new high on strong outlook; M&M zooms 37% in 3 months
- Rajratan Global Wire hits record high; zooms 48% in 2 wks on strong outlook
- Titan Company extends rally, surges 8% on robust sales in June quarter
Indices post biggest Budget-day gain; Sensex ends 2,315 points up at 48,601
All that happened in the markets today
Topics
MARKET WRAP | Markets | Union Budget
SI Reporter |
Last Updated at February 1, 2021 16:02 IST
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.
CATCH ALL THE LIVE UPDATES

Load More