Budget 2021 impact on Stock Markets: Sensex rises over 2300 points, NSE Nifty above 14,000 levels, Bank Nifty near lifetime high
Budget 2021 impact on Stock Markets LIVE UPDATES: Whenever there is Budget presentation, speech by Finance Minister, its impact can be clearly seen in the bull and bear run in stock markets.
Budget 2021 impact on Stock Markets LIVE UPDATES: Whenever there is Budget presentation, speech by Finance Minister, its impact can be clearly seen in the bull and bear run in stock markets. Union Budget 2021 is all set to be tabled in Parliament today. It will interesting to see how stock markets will take the Budget 2021 and its announcements. Zee Business Managing Editor Anil Singhvi and his crack panel of market experts will be on hand to provide all the breaking news, analysis and takeaways for investors and all market participants. You can catch all the action on Live TV here (https://www.zeebiz.com/live-tv). Also. here are all the LIVE updates on Budget 2021's impact on Stock Markets:-
Latest Updates
After Budget 2021 presentation on Monday, the Sensex zoomed over 750 points and the Nifty crossed the key 14,500-level in the opening session on Tuesday, a day after the Union Budget which outlined a slew of measures to pull the economy out of the pandemic-induced slump.
The BSE gauge Sensex was trading at 49,352.27, witnessing a strong rally of 751.66 points or 1.55 per cent in opening deals.
Likewise, the NSE barometer Nifty was higher by 222.65 points or 1.56 per cent at 14,503.85 in early trade.
In the Sensex pack, all shares were trading in the green barring HUL.
Enthused over various measures announced in the Budget on Monday, the Sensex zoomed 2,314.84 points or 5 per cent to finish at 48,600.61; and the Nifty soared 646.60 points or 4.74 per cent to finish at 14,281.20 the biggest single-day gains ever for the benchmarks on Budget day.
All sectors in greeb except Healthcare
Extending its early morning gains, the BSE Sensex has gained over 2,400 points hitting 48,761 levels while the NSE Nifty rose 691 points and hit 14,326 mark. All sectors are trading in the green zone except healthcarew which is down by a whisker 0.06 per cent.
Sensex regains 48K, NSE Nifty above 14,000 levels, Bank Nifty near life-time high
On account Union Budget proposals, the BSE Sensex shot up 1725 points and hit 48,011 levels — regaining the psychological 48,000 mark. The 50-stocks NSE Nifty registered 493 points intraday gain and touched 14, 128 mark. Bank Nifty logged more than 2,000 points gain in the intraday trade and came close to its lifetime high.
Stock Market cheers Budget 2021; Sensex registers over 1400 point gain, NSE Nifty near 14K
Cheering the FM Sitharaman's Union Budget 2021 proposals, the stock market has chered the proposals for FY 2021-22. The BSE Sensex surged voer 1400 points and hit 47,697 while the NSE Nifty logged 370 points gain and regained 14,000 levels.
Nifty Pharma down by 0.9 per cent today
Nifty IT also down by almsot 1 per cent
Bank Nifty soars over 3 pct on NPA proposals
Cheering the FM Sitharaman's announcements to contain bank NPA and Rs 20,000 crore infusion in the banking sector, banking stocks started to extend its early morning gains. Bank Nifty hit 31,554 levels — 3.2 per cent up from its Friday close. Banking major IndusInd Bank share price skyrocketed around 9.5 per cent, State Bank of India or SBI share price rose over 4 per cent, ICICI Bank share price went northward 6.36 per cent, HDFC Bank and Federal Bank shares added over 2 per cent.
Air India, BPCL Disinvestment process to complete in FY 2021-22: FM
Nirmala Sitharaman announced the Modi Government's commitment to complete the Air India, BPCL disinvestment process in FY 2021-22.
FM reiterates to bring LIC IPO in FY 2021-22
The Finance Minister has re-iterated the Modi Government's commitment to bring Initial Public Offer (IPO) of the Life Insurance Corporation (LIC) in the FY 2021-22 itself.
BIG NEWS for insurance stocks! FDI cap in insurance sector raised from 49 pct to 74%
FM Sitharaman announces FDI cap in insurance sector from 49 per cent to 74 per cent — a demand that most of the insurance sector companies had propsed towards the Modi Government to look at. The move will help the insurance company stocks to scale new peak in short-term.
Real estat stocks rise on Rs 1.1 Lakh crpre road infra fundallocation
On account of Rs 1.1 lakh crore fund allocation in road infra out of 5.5 lakh crore for net infra sector, real estate sector stocks have skyrocketed amid FM Sitharaman's budget speech. Realty major DLF share price skyrocketed over 4 per cent, Indiabulls Real Estate shares soared 5.78 per cent, Brigade Enterprises stock price went northward by near 3 per cent, Sunteck Realty shares went up 2.33 per cent while Oberoi Realty added over 1 per cent.
BIG NEWS for road infra sector, Rs 1.1 lakh crore allocated in FY 2021-22
FM Sitharaman announces Rs 5.5 lakh crore fund allocation for infrastructure projects out of which Rs 1.1 lakh crore — which is 20 per cent of the net infra budget — will go to the road infrastructure sector. Infrastructure sector comapnies having business in road and other infastructure is expected to benefit from this budget 2021 budget proposal.
Sensex regains 47K, NSE Nifty tests 13,850 mark
Cheering the voluntary scrappage policy and other initial budget proposals by FM Nirmala Sitharaman, especially on infrastructure sector, the BSE Sensex rgained 47,000 logging 792 points intraday gain. The NSE Nifty hit 13,850 mark by registering 215 points gain in the intraday trade session.
Ashok Leyland, Tata Motors, other auto stocks to benefit
Speaking on the voluntary scrappage policy being announced in tge Union budget 2021, stock market expert Avinash Gorakshkar said that it will help auto sector stocks like Ashok Leyland, Tata motors, etc.
FM announces voluntary scrappage policy; Sensex soares above 700 points, Nifty above 13,800
Fm Nirmala Sitharaman announces voluntary scrappage policy — a long awaited demand by the auto sectro players. the move will help auto stocks, especially the commercial vehicle secot rcompanies like Tata Motors, Ashok Leyland, etc.
Sensex, Nifty cheer Sitharaman; Sensex scales around 500 points, NSE Nifty above 13,750; ICICI Bank shares soar on strong December quarter numbers
As Finance Miniser Nirmala Sitharaman starts her Union Budget 2021 Speech, stock market soared by above 200 points from its current levels. The BSE Sensex shot up immediately by around 250 points and hit 13,757 levels registering around 123 points gain from its Friday close. On account of strong quarterly numbers, ICICI Bank share price continue to remain favourites of new investors.
Leading gainers in early morning trade session
IIFL Finance shares emerged the top gainer as the NBFC share price slyrocketed to the tune of 19.98 per cent, Shriram City Union Finance share price went northward by more than 12 per cent, IDBI Bank stocks scaled 7.39 per cent, majesco scrip rose 4.98 per cent while Oberoi Realty shares added around 3 per cent in the opening bell trade session.
SBI, ICICI Bank, IndusInd Bank shares gain
Banking and financial stocks also showed positive bias in the opening bell as the BSE Banking index went northward 1,69 per cent. Banking major IndusInd Bank share price skyrocketed 6.90 per cent, ICICI Bank shares went up 4.31 per cent, SBI stock price added 1.65 per cent, HDFC Bank stocks added 1.11 per cent.
SBI, ICICI Bank, IndusInd Bank shares gain
Banking and financial stocks also showed positive bias in the opening bell as the BSE Banking index went northward 1,69 per cent. Banking major IndusInd Bank share price skyrocketed 6.90 per cent, ICICI Bank shares went up 4.31 per cent, SBI stock price added 1.65 per cent, HDFC Bank stocks added 1.11 per cent.
Telecom stocks lead
Telecom stocks led the bull run sa the BSE telecom index soared 1.38 per cent in the opening bell today. Telecom major Tata Communications share price shot up 3.45 per cent, Reliance Communications shares rose 1.69 per cent, GTPL Hathway stock price went up 1.94 per cent while Sterlite Tech stocks added 1.15 per cent in the opening bell.
Stock Market Opening Bell Today: Sensex, Nifty rise ahead of Union Budget 2021; telecom, auto, banking stocks gain
Stock Market Opening Bell: Ahead of the Union Budget 2021 preentation, the Indian indices opened in the green zone today. The BSE Sensex shot up 389 points and hit 46,674 levels while the 50-stocks NSE Nifty went northward 118 and scaled 13,752 mark. Telecom, auto, banking and financial stocks were among the major gainers in the opening bell today.
Buy ICICI Bank before Union Budget 2021: Simi Bhaumik
SEBI registered technical equity analyst Simi Bhaumik has ICICI Bank shares to buy before Union Budget 2021 or the target Rs 570-580 maintaining the Stop Loss at Rs 520.
BUDGET 2021 MEGA COVERAGE: WATCH Zee Business LIVE TV here:-
Budget 2021 IMPACT on Stock Market: Sensex, Nifty rise in pre-opening session
Ahead of the Union budget presentation, the Indian indices have opened in the green zone in pre-opening session. The BSE Sensex shot up 268 points and hit 46,554 levels while the NSE Nifty soared 108 points and touched 13,746 levels. Banking, realty and financial stocks were among the major gainers in the pre-opening session.
Stocks to buy ahead of Union Budget 2021
Sebi registered technical analyst Simi Bhaumik recommends Tata Motors shares to buy before the Union budget 2021 presentation. Target: 290 to 310, Stop Loss: 240
Union Finance Minister Nirmala Sitharaman reaches Parliament ahead of Budget 2021 presentation.
BUDGET 2021 MEGA COVERAGE: WATCH Zee Business LIVE TV here:-
This will be the first time since independence that physical copies of Budget documents will not be shared with MPs to avoid the risk of COVID-19 infection.
The Budget documents will be available on the Mobile App after the completion of the Budget Speech by the Finance Minister Nirmala Sitharaman in Parliament.
Ahead of the Budget, FM Sitharaman had tabled the Economic Survey tabled in Parliament on Friday. The Indian economy can contract by 7.7 per cent in the current financial year ending on March 31 and the growth could be 11 per cent in the next financial year, according to the survey.
"Union Budget Mobile App" facilitates complete access to 14 Union Budget documents, including the Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), and Finance Bill as prescribed by the Constitution.
Finance Minister had launched the "Union Budget Mobile App" for hassle-free access of Budget documents by Members of Parliament (MPs) and the general public using the simplest form of digital convenience, according to the Finance Ministry.
This year, the Union Budget will be delivered in paperless form for the first time.
Usually, the duration of the Budget presentation ranges from 90 to 120 minutes.
The Union Cabinet will hold a meeting at 10:15 am before the Budget presentation.
Ahead of her third Budget presentation, the Finance Minister and her team will meet President Ram Nath Kovind, and will likely be accompanied by her deputy Anurag Thakur and other officials of the Finance Ministry.
Ahead of her third Budget presentation, the Finance Minister and her team will meet President Ram Nath Kovind, and will likely be accompanied by her deputy Anurag Thakur and other officials of the Finance Ministry.
The Budget presentation will begin with a speech from Finance Minister scheduled to take place at around 11 am.
BUDGET 2021: WATCH Zee Business LIVE TV here:-
Budget 2021 impact on stock markets LIVE UPDATES: All eyes are fixed on Finance Minister Nirmala Sitharaman as she is set to present Union Budget 2021-22 in Parliament on Monday, at a time when India is recovering from the COVID-19 crisis
Budget 2021 impact on stock markets LIVE UPDATES: "In an unprecedented initiative, Union Budget 2021-22 will be delivered in paperless form for the first time. The Union Budget 2021-22 is to be presented on February 1, 2021," the Finance Ministry had said in a statement.
Budget 2021 impact on stock markets LIVE UPDATES: This will be the first time since the presentation of independent India's first budget on November 26, 1947, that the documents containing income and expenditure statement of the Union government along with the finance bill, detailing new taxes and other measures for the new financial year, will not be physically printed.
Unlike the past, the voluminous budget documents will not be printed this year following the COVID-19 protocol and will instead be distributed electronically to the Members of Parliament (MPs). Previously, the halwa ceremony marked the launch of printing exercise for the budget.
Budget 2021 impact on Stock Markets LIVE UPDATES: Stock markets are expected to remain volatile in this eventful week as the Union Budget, macro data and RBI policy would be keenly watched by investors, say analysts.
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