Share Market Budget 2019 Highlights: Sensex ends 212 points up on Budget boost, Nifty below 10,900; auto stocks rally

By: |
Updated:Feb 01, 2019 5:16:18 pm

Union Budget 2019 Share Market Highlights: The benchmark indices Sensex and Nifty ended higher after  Budget 2019 announcements provided a major boost to sentiments. The Sensex closed 212 points higher at 36,469.43, while the Nifty closed just short of the 10,900-mark.

Budget 2019, Share market Budget 2019 Highlights: Auto stocks Maruti Suzuki and Heromotocorp were the biggest gainers in the Sensex, ending up to 7% higher.

Union Budget 2019 Stock Market Highlights: The benchmark indices Sensex and Nifty ended higher after  Budget 2019 announcements provided a major boost to sentiments. The Sensex closed 212 points higher at 36,469.43, while the Nifty closed just short of the 10,900-mark. Auto stocks Maruti Suzuki and Heromotocorp were the biggest gainers in the Sensex, ending up to 7% higher. Agriculture and auto stocks got a boost after favourable announcements made for farmers in Budget 2019. Defence stocks gained after Piyush Goyal announced that the Defence Budget for FY20 has been increased to Rs 3 lakh crore.

“The Budget provides a massive boost to the primary engine of growth i.e. domestic consumption through income tax sops for nearly 30 million low-income taxpayers and 120 million marginal farmers. This would go down in history as India’s seminal march towards providing succor to the economically disadvantaged groups,” Ajay Bodke, CEO Prabhudas Lilladher PMS said in a note, adding that equity markets would rejoice with the force multiplying boost provided to sectors in domestic consumption like automobiles, consumer staples & durables, real estate, building materials, home improvement and retail-focussed banks & financials.

Meanwhile, the domestic bourses posted a robust rally on Thursday While the Sensex closed 665 points higher at 36,256.69, Nifty closed 1.68% higher at 10,830.95. Tata Motors, Axis Bank shares gained more than 4 per cent each to Rs 722.95, to emerge among the biggest Sensex gainers. Infosys shares gained more than 3.46 per cent to Rs 750.80, while Kotak Mahindra Bank shares are trading 2.5 per cent higher at Rs 1,252.80. We bring to you LIVE updates.

Read More

Live Blog

Share Market Highlights: Sensex, Nifty, Indian Rupee vs US Dollar, Latest Stock Market News, NSE, BSE

Highlights

    15:51 (IST)01 Feb 2019
    BSE Live: Sensex ends 212 points up on Budget boost, Nifty below 10,900; auto stocks rally

    The benchmark indices Sensex and Nifty ended higher after  Budget 2019 announcements provided a major boost to sentiments. The Sensex closed 212 points higher at 36,469.43, while the Nifty closed just short of the 10,900-mark. Auto stocks Maruti Suzuki and Heromotocorp were the biggest gainers in the Sensex, ending up to 7% higher. Agriculture and auto stocks got a boost after favourable announcements made for farmers in Budget 2019. A look at LIVE Sensex heatmap.

    15:15 (IST)01 Feb 2019
    Expert take: Generous reliefs for farmers and lower income earners, says Sudhir Kapadia, EY India

    “Most commentators had predicted fairly generous reliefs for farmers and lower income earners in the Interim Budget before the general elections and the Interim Finance Minister certainly did not disappoint. He seems to have managed the fiscal deficit both for 2019 as well as the next year pretty well at 3.4% of GDP despite a significant increase in expenditure of 75,000 crores for the farmers income support, pension scheme for unorganised workers and a 100% jump in the personal tax exemption threshold from 2.5 lacs to 5 lacs. It is quite possible, though, that next year’s actual fiscal deficit may end up slightly higher at 3.5% of GDP. There are numerous other proposals like increase in the TDS exemption limit from 10,000 to 40,000 for bank interest, on rent from 1.8 lacs to 2.4 lacs, extending housing income exemption from one to two self- occupied houses etc which reveals a keen desire to significantly ease the compliance burden for small and medium tax payers," Sudhir Kapadia, National Tax Leader, EY India said in a note. 

    15:01 (IST)01 Feb 2019
    Expert take: Budget 2019 provides a boost to consumption, retail focused financial stocks, says Ajay Bodke of Prabhudas Lilladher

    "The Budget provides a massive boost to the primary engine of growth i.e. domestic consumption through income tax sops for nearly 30 million low-income taxpayers and 120 million marginal farmers. This would go down in history as India's seminal march towards providing succor to the economically disadvantaged groups. Equity markets would rejoice with the force multiplying boost provided to sectors in domestic consumption like automobiles, consumer staples & durables, real estate, building materials, home improvement and retail-focussed banks & financials etc," Ajay Bodke, CEO Prabhudas Lilladher PMS said.

    13:57 (IST)01 Feb 2019
    BSE Live: Sensex holds gains after Budget 2019 boost; Heromotocorp, Maruti Suzuki zoom

    The benchmark indices Sensex and Nifty are holding on to gains after Budget 2019 announcements provided a major boost to sentiments. The Sensex is up 322 points to 36,578, and the Nifty is trading is trading above the 10,900-mark. Auto stocks Maruti Suzuki and Heromotocorp are the biggest gainers in the Sensex, up more than 7% each. A look at LIVE Sensex heatmap.

    13:35 (IST)01 Feb 2019
    Deepak Parekh on fiscal deficit: Market will not be rattled by 3.4% fiscal deficit

    Chairman of Housing Development Finance Corporation, Deepak Parekh said that he is not worried about the fiscal deficit or capital account deficit. In an interview to CNBC TV18 added that the fiscal deficit at 3.5% with over 7% growth rate should be reasonable.  The Narendra Modi government is pegged to miss the budgeted fiscal deficit target of 3.3% of the Gross Domestic Product (GDP) in the financial year 2018-19 by a modest 10 basis points. While presenting the last budget before the crucial Lok Sabha polls, Finance Minister Piyush Goya said that the fiscal deficit target of FY19 has been revised to 3.4%.

    13:30 (IST)01 Feb 2019
    Expert take: No clarity on STT, stamp duty reform from Budget 2019

    "To industry at large, the budget remained a non-event; there is no clarity over stamp duty reform or the rationalization of STT. These two were the demands from the stock market at large. Exemption for income tax for the five lakhs income basket is a welcome reform; this could put more money in the hands of the middle class, and aid the consumer and services industry at large," Nikhil Kamath, Co-founder & Chief Investment Officer, Zerodha said in a note.  

    13:17 (IST)01 Feb 2019
    Excerpts from Budget speech: TDS threshold on bank/post office deposits raised

    TDS threshold on interest earned on bank/post office deposits is being raised from Rs 10,000 to Rs  40,000. This will benefit small depositors and nonworking spouses. Further, the TDS threshold for deduction of tax on rent is proposed to be increased from Rs 1,80,000 to Rs 2,40,000 for providing relief to small taxpayers. The benefit of rollover of capital gains under section 54 of the Income Tax Act will be increased from investment in one residential house to two residential houses for a tax payer having capital gains up to Rs 2 crore. This benefit can be availed once in a life time.

    13:03 (IST)01 Feb 2019

    deleting_message

    13:02 (IST)01 Feb 2019
    Major boost to middle class tax-payers: No Income Tax On Annual Income Up To Rs 5 Lakh

    "Individual taxpayers having taxable annual income up to  Rs 5 lakhs will get full tax rebate and therefore will not be required to pay any income tax. As a result, even persons having gross income up to ` 6.50 lakhs may not be required to pay any income tax if they make investments in provident funds, specified savings, insurance etc," FM Piyush Goyal said.

    12:44 (IST)01 Feb 2019
    Finance Minister Piyush Goyal: Income tax exemption limit doubled to Rs 5 lakh

    In a major boost to middle-class taxpayers, the Narendra Modi-led government has announced full income tax rebate for income up to Rs 5 lakh. The income tax exemption limit has been doubled to Rs 5 lakh. The move is expected to benfit up to 3 crore taxpayers. The Sensex has moved up more than 400 points to 36,660.54, while the Nifty is trading above the 10,950-mark. The standard deduction for the salaried class has been revised to Rs 50,000 from Rs 40,000 earlier. Further, Finance Minister Piyush Goyal said that he is confident of crossing divestment target of Rs 80,000 crore for FY19.

    12:21 (IST)01 Feb 2019
    LIVE Expert Reactions to Budget 2019: Relieved as there is no mass scale loan waiver, says Arundhati Bhattacharya

    Amid the ongoing Budget, after Finance Minister announced various measures for farmers, former SBI Chairman Arundhati Bhattacharya said that there is no mass scale loan waiver, and it comes as a major relief. Notably, . the government has announced income support of Rs 6,000 per year for farmers with land up to 2 hectares at an estimated expense of Rs 75,000 crore. In an interview to ET Now, Nilesh Shah of Envision Capital noted that the farm package will not impact fiscal position. Ketan Dalal, managing partner at advisory firm Katalyst Advisors told the channel that India needs more primary FDI  as compared to buyouts.

    12:11 (IST)01 Feb 2019
    Eros International, Mukta Arts share price gains are government announces single window clearance for Indian film makers

    Shares of Indian motion picture production and distribution company Eros International and Mukta Arts surged in trade after FM Piyush Goyal announced  single window clearance for Indian film makers. Eros International shares gained by more than 3.5% to Rs 80.25 in the afternoon trade. Mukta Arts shares are trading 10% higer at Rs 40. "A single window clearance for filmmaking to be made available to filmmakers, anti-camcording provision to also to be introduced to Cinematography Act to fight piracy," FM Piyush Goyal said.

    12:03 (IST)01 Feb 2019
    BEL, Hindustan Aeronuatics shares surge after Defence Budget for FY20 increased to Rs 3 lakh crore

    Shares of defence related scrips BEL and Hindustan Aeronatutics gained in trade on Friday afternoon, after FM Piyush Goyal announced that the Defence Budget for FY20 has been increased to Rs 3 lakh crore. Bharat Electronics share are trading 2.3% higer at Rs 85.60. Hindustan Aeronuatics shares gained by more than 2% to Rs 725 after the announcement. Meanwhile, Finance Minister Piyush Goyal noted that the givernment is looking to convert the villages into digital villages in India. Govt aims to make 1 lakh digital villages in 5 years. Jan Dhan Aadhar Mobile scheme was also announced.

    11:53 (IST)01 Feb 2019
    HCC gains after announcement of Rs 19,000 crore allocation for Pradhan Mantri Gram Sadak Yojana

    Shares of Hindustan Construction Company surged in trade after FM Piyush Goyal announced Rs 19,000 crore allocation for Pradhan Mantri Gram Sadak Yojana for FY19-20. Shares of HCC surged by more than 2.5% to Rs 12.74 in the afternoon trade. "The Construction of Rural Roads have been tripled. Pradhan Mantri Gram Sadak Yojana allocation will be to the tune of Rs 19,000 crore in FY 2019-20," Finance Minister Piyush Goyal noted. Have constructed 1.53 cr ore houses under PM housing plan, he added. Finance Minister Piyush Goyal adds that 10 lakh people have benefited from Ayushman Bharat scheme.

    11:45 (IST)01 Feb 2019
    Agriculture stocks surge after farmer scheme announcement in Union Budget 2019

    Major agriculture related scrips Avanti Feeds and tractor maker Escorts surged in trade on Friday late morning, after FM Piyush Goyal announced various schemes benefitting farmers. Avanti Feeds share price gained by more than 5.6% to hit the day's high at Rs 376.85. The government has announced income support of Rs 6,000 per year for farmers with land up to 2 hectares at an estimated expense of Rs 75,000 crore. Esorts share price gained by more than 3.4% to Rs 684. 'Under the Pradhan Mantri Kisan Samman Nidhi, Rs 6,000 per year -- in three instalments -- to be transferred directly to bank accounts of farmers with less than 2 hectares landholding,' Finance Minister Piyush Goyal said in the Budget 2019 speech, adding that the scheme will be funded fully by the central government.

    11:38 (IST)01 Feb 2019
    NSE Live: Major indices in green; metal stocks, PSU Bank Index, pvt banks slump

    Amid the ongoing Union Budget 2019, all the major indices on NSE are trading in the green, except Nifty Metal, Nifty Private Bank and Nifty PSU index. Nifty metal index cracked by more than 3.2%, while PSU, and Nifty Private Bank Index are down up to 0.15%. The two-wheelers stocks are surging in trade with  TVS Motors,  and Eicher Motors leading gains. Banking Stocks including ICICI Bank, DCB Bank, Canara Bank and Axis Bank are trading lower. 

    11:29 (IST)01 Feb 2019
    Bank of India, Bank of Maharashtra shares up after Piyush Goyal says lenders are out of Prompt Corrective Action

    Shares of PSU lenders Bank of India, Bank of Maharashtra and Oriental Bank of Commerce surged in trade on Friday after Finance Minister Piyush Goyal announced that the lenders are out of Prompt Corrective Action. Bank of India shares gained by more than 2% to Rs 106.80, while Bank of Maharashtra shares are trading 6% higher at Rs 16.05. Oriental Bank of Commerce gained more than 3.5% to Rs 99.55 in the morning trade. Finance Minister Piyush Goyal said that he expects other banks to soon exit Prompt Corrective Action soon. Further, he noted that the government has spent Rs 1.17 lakh crore in farm procurement in 2018-19. Notably, Rs 60,000 crore have been set aside for MGNREGA this year, he added. The Sensex is holding on to gains, up 139 points to 36,393.70.

    11:14 (IST)01 Feb 2019
    BSE Live: Sensex holds gains; up 112 points, Nifty above 10,750; VEDL, ICICI Bank top losers amid Budget presentation

    Even as the Budget 2019 begins, the 30-share Sensex is holding on to gains. The Sensex is up 112 points to 36,370.11, while the Nifty is trading above the 10,750-mark. ICICI Bank, VEDL shares are among the biggest losers in the 30-share index, while Maruti Suzuki and Heromotocorp are holding on to gains from the morning trade. A look at LIVE Sensex heatmap.

    11:08 (IST)01 Feb 2019
    Expert take: Raamdeo Agrawal bats for DDT ratioinalisation

    Even as the budget begins, Raamdeo Agrawal of Motilal Oswal expects rationaisation of DDT. "Would hope that the government look at Dividend Distribution Tax in this Budget. DDT of 33% is not investor friendly," Raamdeo Agrawal told CNBC TV18. "Dividends are already taxed thrice, now the introduction of tax even on long-term capital gains in addition to STT has obviously not gone down well with investors, and has only hurt the sentiment further," Jatin Khemani told in an interview with Financial Express Online. According to Harshvardhan Roongta, CFP, Roongta Securities, the  industry has been pushing for STT to be allowed as rebate under Section 88E, which could see the light of the day. Further, he DDT rule may also be modified. “There are expectations that DDT will either be reduced or abolished given the fact that dividends (above a Rs 10 Lakhs threshold) are taxed in the hands of the receiver,” Roongta told Financial Express Online. 

    10:53 (IST)01 Feb 2019
    Expert take on LTCG, STT expectations from Union Budget 2019 by Debadrata Bhattacharjee, Head of Research, CapitalAim

    "If the news on LTCG and STT changes is confirmed by finance ministry on budget day then we would say that this will help markets to form liquidity as foreign Institutions will invest more. In previous budgets when LTCG and STT was increased by government, that created lack of liquidity in market as FII’s started putting their money in some other rival emerging markets, where they can make money instead of paying higher tax in India," Bhattacharjee said.

    10:44 (IST)01 Feb 2019
    Expert take: Mark Mobius says will take growth projections with a grain of salt

    Just an hour ahead of Union Budget 2019, emerging markets guru Mark Mobius said that he is shocked about the statistical revisions in India, 'I will take the growth projections with a grain of salt. The Indian Government should be transparent and open all its books to public,' CNBC TV18 reported Mark Mobius as saying. Mark Mobius, a veteran investor in developing nations, said now is the time to buy their assets and favors India, Brazil and Turkey.  “We’re particularly interested in India at this stage,” Mobius said in a Bloomberg TV interview in Singapore last Friday. “I just came back from a two-week trip to India and I was just amazed at the changes taking place,” Bloomberg reported Mobius as saying.

    10:33 (IST)01 Feb 2019
    Maruti Suzuki share price jumps 3.7% after strong January sales

    Shares of India's largest auto-maker Maruti Suzuki jumped in trade on Friday morning, after the firm reported strong Q3 results. Maruti Suzuki share price gained nearly 3.7% to Rs 6,870.  Maruti's total sales came in at 1.51 lakh units versus Nomura's expectation of 1.45 lakh units. The shares had slumped recetly, after the firm reported tepid Q3 results last week. Maruti Suzuki reported a 17.21% on-year decline in its net profit to Rs 1,489.3 crore for the three months to December 2018, way below the Bloomberg consensus estimate of Rs 1,731.9 crore. This was despite a near four-fold jump in other income to Rs 917.3 crore and a big drop in tax outflows. At 9.8%, the car maker’s operating margins skidded to a five-year low.

    10:18 (IST)01 Feb 2019
    Bharti Airtel share price jumps 4.7% after suprise Q3 net profit

    Shares of India's major telecom firm Bharti Airtel surged in trade on Friday, after the firm surprised with a net profit in the latest quarter. Bharti Airtel share price jumoed by more than 4.7% to Rs 320.90. The reported a surprise profit of Rs 86 crore in the October-December quarter, helped by robust customer additions and expansion in mobile data volume. Bharti Airtel had reported a net profit of Rs 306 crore in the comparable quarter previous fiscal. A CNBC TV18 poll had earlier estimated the firm to report a net loss of Rs 930 crore. Revenues for Q3 came in at Rs 14,768 crore, declining by 2.3% on-year on an underlying basis. Consolidated mobile data traffic stood at 3,332 Bn MBs in the quarter has registered a healthy Y-o-Y growth of 183%. Digital TV revenue witnessed a growth of 7.1%.

    09:48 (IST)01 Feb 2019
    Jet Airways share price jumps after reports that firm has accepted Etihad's bailout plan

    Shares of Debt-laden carrier Jet Airways surged in trade on Friday after media reports said that the firm has accepted Etihad's bailout plan. Jet Airways share price surged by more than 12.36% to hit the day's high at Rs 273. CNBC TV18 reported citing agencies that the Naresh Goyal-controlled airline has agreed with most of the conditions set by its partner Etihad for offering a lifeline to the debt-laden domestic carrier, including stepping down of Chairman Naresh Goyal from the board. The two airlines are set to sign a memorandum of understanding (MoU) soon. 

    09:34 (IST)01 Feb 2019
    Global markets updates: Asian shares at 4-month high as hopes rise on Trump-Xi meet

    Asian shares ticked up to four-month highs on Friday on hopes the leaders from the United States and China could strike a trade deal and as the Federal Reserve appeared to have all but abandoned a plan to raise borrowing rates further. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent after a stellar 7.2 percent gain in January. Japan’s Nikkei gained 0.5 percent. U.S. President Donald Trump said on Thursday he will meet with Chinese President Xi Jinping soon to try to seal a comprehensive trade deal as the top U.S. negotiator reported “substantial progress” in two days of high-level talks.

    Also read: Global markets updates: Asian shares at 4-month high as hopes rise on Trump-Xi meet

    09:26 (IST)01 Feb 2019
    BSE Live: Sensex up 80 points ahead of Budget 2019; Bharti Airtel, Maruti Suzuki rally

    The benchmark indices -- Sensex and Nifty -- opened higher on Friday, just hours ahead of the Interim Budget 2019. The 30-share Sensex is higher 80 points at 35,256.69, while the Nifty is trading above the 10,850-mark. Maruti Suzuki share price gained by more than 1% to Rs 6,700; Bharti Airtel share price gained by more than 2.7% to Rs 315.45, after stellar Q3 results. A look at LIVE Sensex heatmap.

    09:16 (IST)01 Feb 2019
    DDT relief, mutual fund benefits, tax slab changes on anvil

    With interim Budget 2019 just a day away, expectations from stock market experts include DDT relief, income tax slabs adjustment and benefits for mutual fund investors under Section 54EE. Notably, experts point out that while there is a case for scrapping either the STT or the LTCG tax, any such move will come as a positive surprise. “So far as stock markets are concerned, the FM is expected to touch few things, and one among them is LTCG tax. LTCG tax on equities is certainly here to stay and I do not expect it to be abolished. However, the threshold limit might be increased,” Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst at Gemstone Equity Research & Advisory Services told Financial Express Online.

    09:09 (IST)01 Feb 2019
    Bharti Airtel Q3 surprise: Net profit at Rs 86 crore; key figures in a nutshell

    India’s telecom major Bharti Airtel reported a surprise profit of Rs 86 crore in the October-December quarter, helped by robust customer additions and expansion in mobile data volume. Bharti Airtel had reported a net profit of Rs 306 crore in the comparable quarter previous fiscal. A CNBC TV18 poll had earlier estimated the firm to report a net loss of Rs 930 crore. Revenues for Q3 came in at Rs 14,768 crore, declining by 2.3% on-year on an underlying basis. Consolidated mobile data traffic stood at 3,332 Bn MBs in the quarter has registered a healthy Y-o-Y growth of 183%. Digital TV revenue witnessed a growth of 7.1%. In constant currency (March 1, 2018) terms, Africa revenues grew by 11.2% on-year led by strong growth in data and Airtel money transaction value. Mobile data traffic has grown by 61% to 105 Bn MBs in the quarter as compared to 66 Bn MBs in the same quarter last year.

    Also read: Bharti Airtel Q3 surprise: Net profit at Rs 86 crore; key figures in a nutshell

    09:05 (IST)01 Feb 2019
    Budget 2019: Not just literacy, education and skilling should be priority, suggest experts

    The streets are rife with the growing discontent among youth pertaining to education and employment scenario in the country. Unfortunately, quotas alone won’t help much. So, what do those who come from the education sector have to say about improving the education sector? Read along. Recently, a Haryana MP admitted that PhD holders and masters students are applying for peon and gardener jobs, and that is why they are considering 75 per cent reservation in private and government jobs alike, for people of Haryana. The minister said that they are following the footsteps of states such as Andhra Pradesh and Telangana in reserving seats for the natives.

    Read full story here: Budget 2019: Not just literacy, education and skilling should be priority, suggest experts

    09:04 (IST)01 Feb 2019
    Budget 2019: Not just literacy, education and skilling should be priority, suggest experts

    The streets are rife with the growing discontent among youth pertaining to education and employment scenario in the country. Unfortunately, quotas alone won’t help much. So, what do those who come from the education sector have to say about improving the education sector? Read along. Recently, a Haryana MP admitted that PhD holders and masters students are applying for peon and gardener jobs, and that is why they are considering 75 per cent reservation in private and government jobs alike, for people of Haryana. The minister said that they are following the footsteps of states such as Andhra Pradesh and Telangana in reserving seats for the natives.

    Also read: Budget 2019: Not just literacy, education and skilling should be priority, suggest experts

    09:03 (IST)01 Feb 2019
    Union Budget 2019 Expert Opinion: Five key expectations of India Inc from Budget 2019

    With just a day left for the Modi government’s pre-election budget, speculations are going around whether the Finance Minister would issue a full-fledged budget making some big-ticket announcements or simply follow the protocol of issuing interim budget. The budget scheduled to be presented on February 1, is being keenly awaited as it is expected that the government will put favourable measures in plate of the masses. During its tenure, the Modi government had witnessed evolving economy and resultant tax issues, therefore, it made continuous efforts to benefit different section of the society from corporates to individuals over the four years of its governance. Given the high expectations and limited fiscal space, meeting the plethora of expectations would be a really daunting task for the government. However, there remained certain issues that India Inc wishes the government would address in its interim budget.

    Also read: Union Budget 2019 Expert Opinion: Five key expectations of India Inc from Budget 2019

    09:01 (IST)01 Feb 2019
    Budget 2019 is near; stock market expected to be volatile, here’s when you should buy

     With the Budget day nearing close amid speculations of populist announcements, the stock market is “expected to remain highly volatile” and will keep a close eye on decisions taken by the Narendra Modi government in their final few months before the country goes to polls. The pressure, built up since last August, with Nifty 50 struggling to sustain above the 11,000-mark, is expected to expand further due to the budget season and the upcoming Lok Sabha election. “Markets are expected to remain highly volatile in the near term on account of the Union Budget 2019,” Sahaj Agrawal of Kotak Securities Ltd said in a note, adding that the broader range for Nifty 50 is expected to be around 10,400-11,000.

    Also read: Budget 2019 is near; stock market expected to be volatile, here’s when you should buy

    Share market on Thursday: The benchmark equity indices — Sensex and Nifty — rebounded in the afternoon trade amid F&O expiry and positive expectations from interim Budget. While BSE Sensex surged 665.44 points to finish at 36,256.69, Nifty soared 179.15 points to 10,830.95. The market analysts said the sudden rebound is due to short-covering ahead of F&O expiry and positive budget.
    Next Stories
    1Budget 2019, Union Budget 2019 news: Budget to boost middle class, poor, farmers, says PM Modi
    2Budget 2019: Govt borrowing trend may lead to hardening of interest rates
    3India Budget 2019: A vote-on-account or an election manifesto? What we can expect from FM Piyush Goyal