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Share Market Updates: The impact of the budget announcements on the stock market was mixed

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Share Market Updates: The impact of the budget announcements on the stock market was mixed

The mixed effect of the budget announcements in the stock market. (symbolic picture)

Mumbai:

Share Market Updates : Finance Minister Nirmala Sitharaman presented the general budget of the country on Tuesday. After the announcement of the budget, volatility was recorded in the stock market. Soon after the budget announcements were over, there was a decline in the market, but then the market recovered. In the last hour, both the benchmark indices were registering good growth. The BSE Sensex was recording a gain of about 800 points. At the same time, Nifty was on a jump of up to 1.27 percent. Before the close of the market, the Sensex was at the level of 58,806.95, registering a gain of 1.37% of 792.78 points at 3.15 pm. At the same time, Nifty was at the level of 17,559.35, up by 219.50 points or 1.27%.

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Earlier the market was open with a good opening, and then was trading in the green mark even with a slight fall. If we look at the benchmark index, the Sensex was trading at a level of 57,849.25, down 164.92 points or 0.28% at 1.15 pm. At the same time, Nifty was down by 69.70 points or 0.40% at the level of 17,270.15. After this, the Sensex gained more than 200 points. Nifty had also reached the green mark.

If we talk about the opening, then with the opening of the market today, both the benchmark indices registered a good rise. The BSE Sensex had jumped 600 points, while the Nifty was trading above the 17,500 level. In the opening, the Sensex was trading 603.39 points or 1.04 per cent higher at 58,617.56, while the Nifty gained 159.25 points or 0.92 per cent to 17,499.10.

The benchmark indices had reached their intraday highs in early trade itself. At 09:42, the Sensex was at the level of 58,688.79 with a gain of 674.62 points or 1.16%. At the same time, Nifty was at the level of 17,522.80 with a gain of 183 points or 1.06%. The realty index of BSE has registered a gain of 1 per cent.

If we talk about the previous closing, on Monday, in the economic review for the financial year 2021-22, the market gained momentum due to the forecast of better growth rate of the economy. A good opening in European markets and a strong trend in Asian markets also supported the rise in domestic markets. The Sensex had opened with a good gain yesterday and remained bullish throughout the session. In the end, it gained 813.94 points or 1.42 percent to close at 58,014.17. At the same time, Nifty gained 237.90 points or 1.39 percent to close at 17,339.85.

Let us tell you that in yesterday’s economic survey, some important data regarding the stock market was also shared. The government said that the interest of retail investors in the Indian securities market has increased significantly. Due to the boom in the stock market, 2.21 crore individual demat accounts were added in April-November 2021.

According to the review, “The continued bullish trend in the Indian stock markets has led to an increase in the participation of individual investors in the equity sector and the share of individual investors in the total trading on NSE has increased from 38.8 per cent in 2019-20 to 44.7 per cent in April-October 2021.” Went.’

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