Share Market HIGHLIGHTS: Indices end in negative territory post-Interim Budget; Sensex falls 107 pts, Nifty settles at 21,697.45

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CLOSING BELL | Indices end flat with negative bias post-Interim Budget; Sensex falls 107 pts, Nifty settles at 21,697.45; Paytm down 20%

Share Market Today LIVE | Stocks of solar solutions providers rally post Budget announcement 

Shares of solar solution providers—KPI Green Energy and Sterling and Wilson—climb in the afternoon trade on Thursday after Finance Minister Nirmala Sitharaman announced rooftop solarisation to ensure free electricity of up to 300 units per month for one crore households.

KPI Green Energy stock rallies 9.50 per cent to reach its 52-week high of Rs 1,997.15 on the BSE.

Shares of Websol Energy System climbs 4.99 per cent to hit its one-year peak of Rs 388.15, Sterling and Wilson Renewable Energy jump 4.16 per cent and Adani Green Energy advanced 2.14 per cent.

In her Budget speech, the FM mentioned about rooftop solarisation to ensure free electricity of up to 300 units per month to one crore households, leading to household savings of Rs 15,000-18,000 annually.

Share Market Today LIVE | Agri shares trade mixed bag after Nirmala Sitharaman's Interim Budget 2024 speech; this stock hits a 52-week high

With agriculture being one of the focus areas of the National Democratic Alliance (NDA), Finance Minister Nirmala Sitharaman made a number of announcements related to the agri sector during her Interim Budget speech on Thursday (February 1, 2024). Among some of the major developments in the agri sector, the finance minister estimated the fertiliser subsidy to be Rs 1.64 lakh crore in the Financial Year 2024-25, which would be less than Rs 1.89 lakh crore earmarked for the current financial year (FY23-24).

Sitharaman said that the government and private investment in post-harvest activities would increase. 

In the backdrop of such important developments, let's see how agri stocks have been performing on BSE today.

Apex Frozen

The stock of the fisheries company is trading up by 3.74 per cent, or Rs 10.20, at Rs 264.00 on BSE.

Avanti Seeds 

Avanti Seeds also rises by 3.57 per cent, or Rs 18.60, at Rs 539.75 in afternoon trades.

Godrej Agrovet 

The stock of the diversified agribusiness company hit a 52-week high of Rs 581.60 on Thursday. It is trading up by 2.63 per cent, or Rs 14.60, at Rs 569.9 on BSE.

Patanjali Foods 

Despite many of its counterparts trading in positive territory after the finance minister's speech, the stock of Patanjali Foods slips by 0.80 per cent, or Rs 12.65, at Rs 1570.15. 

Coromandel International

A maker of Nano-DAP fertiliser, Coromandel International jumps by 1.57 per cent, or Rs 16.45, at Rs 1067.00.

Chambal Fertilisers & Chemicals Ltd

The stock of the company is trading in negative territory as it slid by 1.17 per cent, or Rs 4.30, at Rs 362.30 on Thursday. Read more

Share Market Today LIVE | Sun Pharma, Tata Motors hit 52-week highs

As many as four stocks in the S&P BSE basket reached the milestone. 

Share Market Today LIVE | NTPC, Power Grid hit all-time high 

Share Market Today LIVE | Defence stocks trade mixed after FM announces increase in budget allocation for the sector

Defence stocks are trading mixed in the afternoon trade after Finance Minister Nirmala Sitharaman enhanced the budget allocation for the defence sector for FY25 to Rs 6.22 lakh crore in FM's Interim Budget 2024 speech, according to Zee Business. Post-development, here's how defence stocks are reacting.

Bharat Electronics share price

State-owned Bharat Electronics Ltd (BEL) shares trade at Rs 182.5, down Rs 3.4, or 1.83 per cent, on the NSE.

Hindustan Aeronautics share price

Hindustan Aeronautics Ltd (HAL) shares trade 0.6 per cent, or Rs 18.1, lower at Rs 2,981.3 on the NSE.

Data Patterns (India) share price

The integrated defence and aerospace electronics solutions provider trade 2.18 per cent, or Rs 41.55, stronger at Rs 1,947.05 on NSE. Read more 

Image/ Unsplash/ Representational image

Nifty Today LIVE | Maruti Suzuki, TCS, SBI among top movers in Nifty

Maruti Suzuki, TCS, State Bank of India and Power Grid are the top movers in the Nifty baskets at this hour. On the contrary, L&T, Bharti Airtel and UltraTech Cement are among the top drags.

Here's a look at the heatmap in the 50-scrip universe by weight:

Source: NSE

Interim Budget 2024 Highlights | From record capex to Vande Bharat trains, key takeaways from FM Nirmala Sitharaman's speech

Finance Minister Nirmala Sitharaman delivered her sixth back-to-back Union Budget in Parliament on February 1, 2024. Here are the highlights of what the FM said as she unveiled the contents of her bahi khata to the country. 

Here are the highlights of the Finance Minister's sixth consecutive Budget: 

FY25 capex at record Rs 11.1 lakh crore 
Revised fiscal deficit estimate for FY24 at 5.8 per cent 
FY25 fiscal deficit estimated to be at 5.1 per cent 
Aim to contain fiscal deficit at 4.5 per cent by FY26 
Three railway corridors for energy, mineral and cement spaces
40,000 train coaches to be transformed into Vande Bharat standard. Read more 

Share Market Today LIVE | Aviation and allied stocks trade mixed as FM proposes ‘UDAN’ scheme on 517 new routes

Aviation-related stocks trade mixed after Finance Minister Nirmala Sitharaman, in her Interim Budget speech on Thursday, February 1, proposed the ‘UDAN’ scheme on 517 new routes connecting tier-2 and tier-3 cities.

Spicejet shares trade with a cut of 1.7 per cent at Rs 63.89, while shares of Interglobe Aviation-operating no-frills air carrier Indigo trade with over 2 per cent gains at Rs 3,022 per share.

“The aviation sector has been galvanised in the past ten years. The number of airports has doubled to 149. The rollout of air connectivity to tier-two and tier-three cities under the UDAN-19 scheme has been widespread. Five hundred and seventeen new routes are carrying 1.3 crore passengers. Indian carriers have pro-actively placed orders for over 1000 new aircraft. Expansion of existing airports and development of new airports will continue expeditiously,” read the budget speech of Nirmala Sitharaman. Read more 

Share Market Today LIVE | Maruti Suzuki rise 5% post-Q3 results beat estimates | Time or buy, sell or hold?

Maruti Suzuki India (MSIL) shares take centre stage on Thursday, February 1 after the automaker's third-quarter beat Street's estimates and brokerages' reactions. The stock emerges as the top gainers on NSE  rising as much as over five per cent to hit the day's high at Rs 10,699.8, rising for the fourth session straight ahead of the Union Budget 2024 announcement at 11 am by Finance Minister Nirmala Sitharaman.

Maruti Suzuki Q3 results

During market hours on Wednesday, Maruti Suzuki reported a standalone net profit of Rs 3,130 crore for the September- December quarter of the current fiscal (Q3 FY24), up 33.11 per cent year-on-year (YoY) against Rs 2,351.3 crore logged in the corresponding quarter of the previous fiscal. Read more 

Share Market Today LIVE | Railway stocks trade mixed bag after Railway gets a boost in Interim Budget

Railway stocks are trading mixed bag after Finance Minister Nirmala Sitharaman made a few important announcements related to train facilities in India. In her Interim Budget 2024 speech on the FM said that the central government would build three railway corridors for energy, minerals and cement. In an important announcement, she said that as many as 40,000 railway coaches will be converted into Vande Bharat standard. At the same time, Metro Rail will be expanded to other cities also.

ZeeBiz goes through the performance of the railway stocks after her announcement. 

IRCTC

The stock of the ticket and hotel booking company is trading in positive territory, up by 0.53 per cent, or Rs .20, at Rs 983.55.

RVNL

The stock of Rail Vikas Nigam Limited is trading lower by 1.27 per cent, or Rs 3.90, at Rs 304.40 on BSE.

IRFC

The stock of Indian Railway Finance Corporation is trading down by 0.53 per cent, or Rs 0.93, at Rs 174.1 on BSE. 

Titagarh Rail Systems Limited

The stock of the railway coach factory is down by 0.83 per cent, or Rs 9.05, at Rs 1,085 on BSE.

RITES

RITES is trading down by 3.51 per cent, or Rs 26.05, at Rs 717.1 on BSE.  

BEML 

The stock of the company is trading higher by 2.96 per cent, or Rs 103.80, at Rs 3,609.85 on BSE. Read more 

Share Market Today LIVE | Nifty Bank trades nearly 20 pts higher

Post Union budget speech and announcements, Nifty Bank turns positive and trades nearly 20 points higher.

Source: NSE

Share Market Today LIVE Updates | Nifty, Sensex trade flat post Budget speech 

Nifty Bank | Nifty Bank trades flat, down 0.08%

Source: NSE