At close, the Sensex was up 2,314.84 points or 5 per cent at 48,600.61 and the Nifty was up 646.60 points or 4.74 per cent at 14,281.20. About 1902 shares have advanced, 979 shares declined and 198 shares remain unchanged.
On the Nifty 50 index, Indusind Bank (14.71 per cent), ICICI Bank (12.44 per cent), Bajaj Finserv (11.45 per cent) and SBI (10.41 per cent) were the top gainers for the day, while UPL (-4.74 per cent), Dr. Reddys Labs (-3.79 per cent), Cipla (-2.36 per cent) and Tech Mahindra (-2.04 per cent) were the top losers for the day.
On the sectoral front, except pharma, all other indices gained 1 per cent to 8 per cent. The BSE Midcap and Smallcap indices gained 2 per cent and 3 per cent respectively.
Author’s View: Following the budget, the market saw a positive movement. Nifty’s close above 14,200 is a positive indication. Next level of resistance is 14,600. 14,170 will act as immediate support for Nifty.
Disclaimer: The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.
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