Friday, 3 February 2017

Stock markets react positively to Budget 2017

Ripples Advisory Private Limited, Indore @9303093093

Stock markets seemed to give a resounding thumbs-up to Union Finance Minister Arun Jaitley's Budget 2017+ . Both the Sensex and the Nifty rose steadily as Jaitley's speech progressed in the Lok Sabha, and registered gains of around 1 percent by the time he finished. When Jaitley took his seat after finishing his speech, the Sensex was more than 300 points up and the Nifty was up by 80. Both indices seemed to show no signs of slowing their rise. The 30-stock BSE benchmark Sensex had lost 226 points in the two trading days before the Budget speech.

The positive performance of both key indices was reflected across the breadth of the markets, in the smallcap and midcap indices as well. This also broadly applied to a majority of the sectors.

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