Union Budget 2021: Sensex hits 48,000; Bank Nifty crosses 32,500

The dalal street accepts the budget and the Union Budget 2021 seems to be in-line with the market expectations as the Sensex and Nifty Banking index surge 1500 points each on Budget day.

At 1:00 IST, Sensex has crossed 48,000, up by nearly 1650 points, or 3.50 percent, Nifty Bank at 32,542.55, up by nearly 1900 points, or 6.10%.

IndusInd Bank, ICICI Bank, SBI and M&M among the top gainers of Nifty, IndusInd Bank up by 11% and ICICI Bank spikes 10%. Auto sector is up nearly 3.20 percent after the FM introduced vehicle scrapping policy, M&M up by 6 percent, Tata Motors up nearly 4 percent.

 

 

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