• Wed. May 22nd, 2024

Interim Budget: Sensex Rises More Than 700 Points

Interim Budget: Sensex Rises More Than 700 PointsInterim Budget: Sensex Rises More Than 700 Points

Delhi/Hyderabad Feb 2 (Hydnow): BSE Sensex jumped more than 700 points to cross the 72k mark on Friday, a day after the presentation of the Interim Budget 2024-25.

Sensex was trading at 72,422.09 points, up 776.79 points or 1.08 percent.

Powergrid is the top gainer, up by more than 4 percent. Infosys is up more than 2 percent. The Nifty top gainers are BPCL, and Adani Ports, up by more than 4 percent.

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V.K. Vijayakumar, Chief Investment Strategist, at Geojit Financial Services, said the non-populist Budget focused on fiscal consolidation is a big positive.

“The big allocation for rural housing will benefit all construction-related segments like cement, steel, paints, etc.

Another important budget takeaway is the sharp decline in bond yields consequent to the net market borrowing kept low at Rs. 11.75 trillion. this is beneficial for banks, he said. (Hydnow)

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