MARKET UPDATE: Sensex shot up over 1,400 points and reclaimed the 50,000 levels and Nifty topped the 14,700-mark
Published On: Tuesday, February 2, 2021 | By: Team KnowMyStock
The excitement in the Indian markets continued with the benchmark indices soaring another 3 percent today(2nd February 2021) after recording their biggest Budget-day rally (point-wise) in the previous session. Besides, a firm set of global cues also spurred the bulls. Among the headline indices, the S&P BSE Sensex shot up over 1,400 points and reclaimed the 50,000 levels. The broader Nifty50 index topped the 14,700-mark. Larsen & Toubro, up 8 percent, was the top Sensex gainer, followed by HDFC Bank and HDFC, up 6 percent and 5 percent, respectively. The Nifty sectoral indices were painted green, with the Nifty Financial Services index, up 4.4 percent, leading the gainers. Meanwhile, the Nifty Bank index surged over 1,500 points in intra-day deals to 34,618, a fresh high.
The broader markets rallied as well, but, once again, underperformed their benchmark peers. The S&P BSE MidCap and SmallCap indices ruled 2.2 per cent and 1.7 per cent higher, respectively.Meanwhile, Indigo Paints listed at Rs 2,607.50 on the BSE, up 75 per cent premium against issue price.
Sixty-nine companies including HDFC, Balrampur Chini Mills, Dixon Technologies, Escorts, IIFL Wealth Management and Tata Consumer Products set to announce their quarterly earnings later today.
Tags: Indian markets Budget 2021
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