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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

Topics
MARKET WRAP | Markets | Union Budget

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

LIVE updates: The Indian recorded their sharpest-ever Budget rally (in absolute terms) on Monday, ending the session 5 per cent up, as investors cheered the presented by Finance Minister 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 was pegged at 9.5 per cent of GDP. READ WHY THE 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 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 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 MidCap and SmallCap indices were up 3 per cent and 2 per cent, respectively.

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