Interim Budget 2019: Markets rejoice, Sensex rallies over 420 points

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New Delhi: Finance Minister Piyush Goyal will present the Interim Budget 2019 on Friday as investors would be curiously watching every move. This is Prime Minister Narendra Modi-led government’s sixth and final budget before the polls due by May.

Here are all the highlights:

 

Markets give thumbs-up to Interim Budget 2019, Sensex rallies over 420 points

The Sensex goes up by 445.68 points, to trade at 36,702.37. The Nifty is higher by 117.35 points and to trade at 10,948.30.

Top gainers in the Sensex pack include Hero MotoCorp, HCL Tech, Bharti Airtel, Bajaj Finance, Infosys, HDFC, HUL, M&M, L&T, ITC and Maruti, rising up to 2.91 percent.

On Thursday, the 30-share Sensex rallied 665.44 points, or 1.87 per cent, to close at 36,256.69; and the broader Nifty soared 179.15 points, or 1.68 percent, to 10,830.95.

January sales number are positive. If FM presents sops for the Agri sector, then it will have a healthy impact on Agri related stocks like Escorts –Experts said

The rupee Friday depreciated by 9 paise to 71.17 in early trade on the forex market amid strengthening of the American currency and caution ahead of interim budget.

The Sensex traded at 36,378.91, higher by 122.22 points or 0.34 per cent from the previous close of 36,256.69 points. It had opened at 36,311.74, and so far touched an intra-day high of 36,387.84 and a low of 36,261.95 points. The Nifty50 on the National Stock Exchange traded at 10,850.65, higher by 19.70 points or 0.18 per cent from the previous close of of 10,830.95 points.

Market opens flat ahead of Interim Budget 2019

The optimism supported Wall Street with the S&P 500 ending Thursday with a gain of 0.86 percent. The Nasdaq jumped 1.37 percent. The Dow slipped 0.06 percent

MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent. Japan`s Nikkei gained 0.5 percent

Asian shares ticked up to four-month highs on Friday on hopes the leaders from the United States and China could strike a trade deal and as the Federal Reserve appeared to have all but abandoned a plan to raise borrowing rates further, a Reuters report said.

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