Stock Market Live on Budget 2019: Sensex, Nifty upset over Nirmala Sitharaman Bahikhata proposals
Stock Market Live on Budget 2019: Today is Budget 2019 presentation day and the stock markets are keenly poised for an upward move on the cues thrown up by the Finance Minister Nirmala Sitharaman - she will present Modi 2.0 Government's maiden budget. Market experts are bullish that the market would break the psychological levels which it has been testing for the last two trading sessions. As per their opinion, the Nifty index may soar to 12,100 to 12,300 levels before Nirmala Sitharaman begins her budget speech, while Sensex may break the 40,000 levels. Speaking on the stock market outlook on the budget 2019 day Simi Bhaumik, a SEBI registered technical equity analyst told Zee Business online, "The market is overall bullish and it may show 12,100 to 12,300 levels before budget as the pre-budget rally is still expected to continue. The Bank Nifty has taken strong support at 31,100 and the index is expected to remain above these levels till the budget 2019."
See Zee Business Live TV below:
On Thursday, the Indian indices had managed to sustain its pre-budget rally. The BSE Sensex rose 68 points to 39,908, the 50-stock Nifty added 30 points and closed at 11,946 levels. Bank Nifty index scaled 89 points and closed at 31,471 levels.
Stock Market Live on Budget 2019: Today is Budget 2019 presentation day and the stock markets are keenly poised for an upward move on the cues thrown up by the Finance Minister Nirmala Sitharaman - she will present Modi 2.0 Government's maiden budget. Market experts are bullish that the market would break the psychological levels which it has been testing for the last two trading sessions. As per their opinion, the Nifty index may soar to 12,100 to 12,300 levels before Nirmala Sitharaman begins her budget speech, while Sensex may break the 40,000 levels. Speaking on the stock market outlook on the budget 2019 day Simi Bhaumik, a SEBI registered technical equity analyst told Zee Business online, "The market is overall bullish and it may show 12,100 to 12,300 levels before budget as the pre-budget rally is still expected to continue. The Bank Nifty has taken strong support at 31,100 and the index is expected to remain above these levels till the budget 2019."
See Zee Business Live TV below:
On Thursday, the Indian indices had managed to sustain its pre-budget rally. The BSE Sensex rose 68 points to 39,908, the 50-stock Nifty added 30 points and closed at 11,946 levels. Bank Nifty index scaled 89 points and closed at 31,471 levels.
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