Sensational Market Surge on Budget Day
Mumbai: Indian stock markets opened with a positive note today ahead of the Union Budget presentation. The BSE Sensex soared by 200 points to trade at 60,788.99, while the NSE Nifty50 surpassed 24,500.
The market’s bullish sentiment was driven by expectations of growth-oriented measures and stimulus announcements in the upcoming budget. Investors anticipate policies that will boost economic activity and support corporate earnings.
Sector-specific gains were evident, with banking, financials, and IT stocks leading the rally. Heavyweight stocks like Reliance Industries, HDFC Bank, and TCS contributed significantly to the market’s upward trajectory.
Market analysts believe that the positive momentum may continue in the lead-up to the budget presentation later today. However, they caution that volatility could increase based on the specifics of the budget proposals.
