Investors richer by Rs 1.8 lakh cr within 30 minutes of Budget speech

Investors richer by Rs 1.8 lakh cr within 30 minutes of Budget speech

NEW DELHI: A number of announcements for healthcare, auto and capex announcements gave a philip to the stocks market as benchmark indices surged nearly 2 per cent within thirty minutes of Budget speech starting. The marketmen made 1.76 lakh crore in just half an hour of the speech, as BSE market cap rose to Rs 187.89 lakh crore on Monday.

Solid gains in the shares of IndusInd Bank (up 9.38 per cent) , ICICI Bank (up 6.10 per cent) , HDFC (up 3.94 per cent) , HDFC Bank (up 2.64 per cent) and BPCL (up 2.53 per cent) gave a big lift to the NSE Nifty index on Monday, as the 50-pack rallied 193.8 points to trade at 13828.4 at 11:26AM (IST).

Overall, 40 of the index constituents traded with gains, while 10 shed weight.

Peer Sensex surged 727.3 points to 47013.07 at around the same time. On the other hand, the broader BSE Midcap index traded 61.62 points up at 18143.85.

Vodafone Idea, Tata Motors, YES Bank, SAIL and IDBI Bank were among the most traded securities on NSE (in volume terms) during the session so far, while in value terms, Tata Motors, ICICI Bank, IndusInd Bank, RIL and HDFC were among the chart toppers.

Meanwhile, shares of Sundaram Clayton, KNR Construct, ICICI Bank, Suzlon Energy and Dilip Buildcon have scaled their fresh 52-week highs so far. On the other hand, hit their new 52-week low levels.

The sectoral landscape was telling a story. BSE Bankex, which represents the segment that has maximum weightage in the index, was up 2.77 per cent, while the IT Index, another major constituent was down 0.24 per cent.

The auto index was up 0.96 per cent. Among others, Capital Goods index was up 0.93 per cent, Realty index up 3.76 per cent, Oil and Gas index up 1.31 per cent, Consumer Durables index up per cent, FMCG index up 0.2 per cent, Metals index up 1.73 per cent and Telecom index up 1.19 per cent.

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