Investors get richer by Rs. 6.4 trillion
Mcap on BSE at Rs 192.32 lakh cr; Sensex skyrockets 2,315 pts, Nifty surges 646.60 pts on buying across the board
image for illustrative purpose
Mumbai: After six days of deep declines, the key indices soared back to life on Monday as Finance Minister Nirmala Sitharaman presented Union Budget for 2021-22 fiscal.
The BSE Sensex and NSE Nifty were up by over five per cent, taking the market capitalisation (mcap) up by Rs 5.2 lakh crore to Rs 192.32 lakh crore on the BSE. This was the second-biggest single-session surge in absolute terms and the best day in almost 10 months.
This resulted in a surge of investors' wealth by Rs 6.4 lakh crore, said an analyst as the Budget has increased spending on infrastructure, healthcare and farm sectors without resorting to higher taxation. The 30-share BSE Sensex zoomed 2,314.84 points or five per cent to finish at 48,600.61 points.
On similar lines, the broader NSE Nifty soared 646.60 points or 4.74 per cent to finish at 14,281.20. The across-the-board buying propelled the benchmark indices upwards as the banking and finance stocks led the charge.
