The Budget-day momentum continued for the second straight session, with the BSE Sensex reclaiming the 50,000 mark and the NSE Nifty clawing again above 14,700 on the again of a document excessive within the Nifty Bank index and shopping for spree throughout sectors. The BSE Sensex lastly ended beneath the 50,000 mark at 49,797.72, larger by 1,197.11 factors or 2.46 per cent and the NSE Nifty settled at 14,647.85, up 366.65 factors or 2.57 per cent. All the BSE sectoral indices ended within the inexperienced, with monetary and capital items indices hovering greater than Three per cent.
The benchmarks had recorded their finest efficiency on a funds day in over 20 years after the finance minister introduced a slew of measures to revive the pandemic-hit economic system.
The Nifty Bank index surged 3.5 per cent to 34,267.90 after the Finance Minister Nirmala Sitharaman introduced the divestment of two public sector endeavor (PSU) banks in FY22 and proposed a foul financial institution to accommodate loans gone bitter. Among particular person monetary shares, HDFC Bank, HDFC, Bajaj Finance and Kotak Mahindra Bank gained 2.2 per cent to five.6 per cent every.
The NSE Capital items index additionally zoomed over Three per cent as Nirmala Sitharaman unveiled a slew of tasks geared toward rejuvenating the infra sector. Ms Sitharaman expanded the National Infrastructure Pipeline to cowl 7,400 tasks by 2025 and likewise introduced the creation of a growth finance establishment known as the National Bank for Financing Infrastructure and Development. Infra main L&T gained almost 5 per cent, whereas Shree Cements, Ultra Tech Cement and Grasim added 6-7 per cent every.
Among particular person shares, Tata Motors was high gainer amongst Sensex shares. The inventory of the auto main rose 15 per cent to hit contemporary 52-week excessive of Rs 322. Shree Cements, Grasim, Ultratech Cement and Hindalco additionally rose 3-Eight per cent every on the BSE.
On the flip aspect, Hero MotoCorp, HDFC Life, Hindustan Unilever and Reliance Industries have been among the many notable losers.
The BSE market breadth was robust. Out of three,114 shares traded on the BSE, there have been 1,761 advancing shares as towards 1,180 declines.