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Sensex, Nifty open higher ahead of Budget presentation; IndusInd, ICICI among major gainers – Business News , Firstpost


The 30-share Sensex was buying and selling higher by 443.06 factors or 0.96 % at 46,728.83; and the broader Nifty was up 114.85 factors or 0.84 % at 13,749.45

Representational picture. News18

Mumbai: The BSE benchmark Sensex surged over 443 factors and the NSE Nifty superior 115 factors in opening commerce on Monday, ahead of the Union Budget 2021-22 presentation in Parliament.

The 30-share Sensex was buying and selling higher by 443.06 factors or 0.96 per cent at 46,728.83; and the broader Nifty was up 114.85 factors or 0.84 per cent at 13,749.45.

On the Sensex chart, IndusInd Bank, ICICI Bank, HDFC, ONGC, Titan and HDFC Bank had been outstanding gainers.

Of the Sensex constituents, 16 shares had been buying and selling within the inexperienced.

On Friday, the Sensex had closed 588.59 factors or 1.26 per cent decrease at 46,285.77, and the Nifty had settled 182.95 factors or 1.32 per cent down at 13,634.60.

Over the earlier six periods, the Sensex has misplaced 3,506.35 factors or 7.04 per cent, and the Nifty has shed 1,010.10 factors or 6.89 per cent.

Finance Minister Nirmala Sitharaman will current the Union Budget 2021-22 in Parliament on Monday.

Market consultants and economists are of the view that this price range will likely be vital in phrases of selecting up the items after the financial destruction attributable to the COVID-19 pandemic.

Foreign portfolio traders (FPIs) offloaded shares value a internet Rs 5,930.66 crore on Friday, in accordance with alternate knowledge.

Elsewhere in Asia on Monday, inventory markets had been in restoration mode in afternoon session, after 4 periods of losses.

The world oil benchmark Brent crude futures rose 0.32 per cent to USD 55.38 per barrel.

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