Stock Market Closing Bell: Prior to the budget to be presented yesterday, the stock market has increased due to positive growth in the economic survey released today by Finance Minister Nirmala Sitharaman. This budget is expected to focus on employment and middle class, as well as a development -oriented decisions for the country. As a result, the Sensex and Nifty have improved for the fourth consecutive day.
Today, the Sensex rose 846.15 points to 77605.96 in day trading and finally increased by 813.16 points to close at 77572.97. The Nifty rose 258.90 points to close at 23508.40. This increased the capital of investors by Rs 6 lakh crore. Midcap and smallcap indices also increased by 800 points. Overall, today the market closed in green mark.
Shares boom by focusing on infrastructure and GDP
Electricity, realty, oil and gas indices increased by more than 2 percent in BSE, as it is expected that the government will allot more for the infrastructure sector in the budget to be presented tomorrow and focused reforms focused on gross domestic product (GDP) growth Will implement Capital Goods Index closed up 3.89 percent and consumer sustainable goods index by 2.77 percent.
Attractive shopping in PSU shares
Today there was heavy purchases in the shares of government companies. In the PSU section, all 60 shares except Bank of Baroda, ITI and MRPL rose by 3 to 9 percent. In which IRCON was in the highest profit with a gain of 9.35 percent, RVNL 9.01 percent, BEML 8.60 percent, NBCC 7.14 percent, GRSE 6.92 percent. The PSU index rose 2.59 percent to close at 18391.93.
Weak demand-market notion is negative due to global uncertainty. The stock market is in oversold position. The Nifty is trading below 10.7 percent from its peak. The target of capital expenditure for the current financial year has been increased to Rs 11.1 lakh crore. Which is estimated to reduce 10-12 percent. To keep the rupee stable against the dollar, RBI has invested 600 billion rupees in banks. So that the rupee can be prevented from falling further.
