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Finance Minister Nirmala Sitharaman’s announcements to revive economic growth without increasing taxes were lauded by the Street.
The benchmark Sensex jumped 5 per cent, while the Bank Nifty zoomed 8.3 per cent. This was the best Budget-day performance for the markets since 1999, and the biggest single-day advance in nearly 10 months.
A rebound in global indices further lifted sentiment, which had earlier taken a beating resulting in the benchmark indices coming off more than 7 per cent from their record highs on January 20.
Foreign portfolio investors (FPIs) also cheered the Budget, ending their one-week selling spree. On Monday, they bought shares
