Wednesday, 1 February 2017

Sensex gains over 450 pts, Nifty above 8700 on Budget day

The market has ended on a higher note after Finance Minister Arun Jaitley presented Union Budget 2017. The Sensex ended up 471.67 points or 1.7 percent at 28127.63, and the Nifty was up 152.95 points or 1.8 percent at 8714.25. About 1923 shares have advanced, 890 shares declined, and 130 shares are unchanged. 

Maruti, SBI, ICICI Bank, M&M and ITC were gainers while TCS, Infosys, Sun Pharma, ONGC and NTPC were losers in the Sensex. 

Prime Minister Narendra Modi today described the Budget as "futuristic" with an aim on fulfilling the "dreams" of every section, including the poor, the farmers and the under-privileged while focussing on job creation, transparency, urban rejuvenation and rural development. 

He said the Budget is a key link between the work done by his government over the last two-and-a-half and the steps that it will be taking in the future as part of its vision to take the country on the path of development.


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