ITC, Axis Bank, Kotak Bank, Bajaj Finance, IndusInd Bank and Bajaj Finserv were among the top gainers in the Sensex pack, with PowerGrid rising over 2 per cent.
Equity benchmark Sensex climbed over 400 points and Nifty breached the 17,650 level in the opening session on Wednesday, February 2, 2022. Proposal to spend more on infrastructure in the Union Budget To promote economic growth and job creation.
The 30-share Sensex was trading 416.56 points or 0.71 per cent higher at 59,279.13 and the Nifty was trading 117.95 points or 0.67 per cent higher at 17,694.80.
ITC, Axis Bank, Kotak Bank, Bajaj Finance, IndusInd Bank and Bajaj Finserv were among the top gainers in the Sensex pack, with PowerGrid rising over 2 per cent.
On the other hand, Tech Mahindra, Tata Steel, UltraTech Cement, L&T, Sun Pharma and Wipro were in the red.
Of the 30 constituents of the Sensex, 24 stocks were trading in the green.
In the previous session, the 30-share BSE index had closed 848.40 points or 1.46 per cent higher at 58,862.57. Similarly, the broader NSE Nifty closed 237 points or 1.37 per cent higher at 17,576.85.
Finance Minister Nirmala Sitharaman presented a big budget of Rs 39.45 lakh crore on TuesdayWith more spending on highways turning to affordable housing with a view to setting the economy’s key engines on fire to sustain a world-defeat recovery from the pandemic.
Deepak Jasani said, “India on Tuesday unveiled a massive budget of Rs 39.45 trillion (USD 529.7 billion) for the coming financial year, strengthening investment on highways and affordable housing to help the economy recover from the pandemic.” to be carried forward.” Head of Retail Research, HDFC Securities said.
Elsewhere in Asia, Japan’s Nikkei was trading with gains in mid-session deals.
Many Asian markets, including China, Hong Kong and South Korea, are closed due to the Lunar New Year holiday.
Stock exchanges in the US ended the overnight session higher.
Meanwhile, international oil benchmark Brent crude rose 0.19 per cent to $89.33 per barrel.
Foreign institutional investors remained net sellers in the domestic capital market, drawing ₹21.79 crore on Tuesday, as per provisional data.
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