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Stock Market LIVE Updates: Sensex jumps 650 points, Nifty tops 17,300; Infosys, Wipro, HCL Tech top gainers:
Economic survey today and Budget on 1st. FM.
AGS Transact Tech- IPO quotes less than offer rate:
The much awaited Budget for the ensuing year 2022-23 will be presented by the F.M tomorrow at the Parliament. Prelude to that will be an analysis of the economic factors plaguing the Indian economy per se and evolving challenges. The Budget is being presented in the context of Elections in five States and hence will be very crucial to decide the fate of ruling party. Hence expected to provide more sops for the Agriculture, start-ups, MSMEs etc., Tomorrow the market is bound to be highly volatile and hence investors are advised to take positions very carefully.
Indian equity benchmarks Sensex and Nifty50 started Monday’s session on a positive note amid cautious gains in other Asian markets. Broad-based gains, led by financial, IT and oil & gas shares, pushed the headline indices higher. Broader markets strengthened, with the Nifty Midcap 100 and Nifty Smallcap 100 indices up 1.4 percent each in early deals. The Street awaited the release of Economic Survey for the year ending March 2022 due later in the day to assess the state of the economy against the fallout from the pandemic. The Finance Minister will present the Union Budget for 2022-23 in Parliament on Tuesday.
Economic Survey 2021-22 to be tabled in Parliament today; here’s what to expect
Finance Minister Nirmala Sitharaman will present Economic Survey for 2021-22 in the Parliament on Monday, the first day of the Budget Session. The Parliament session will commence with President Ram Nath Kovind’s address followed by the Union Finance Ministry presenting the single volume Economic Survey. The Economic Survey for 2021-22 is expected to have only one volume due to the absence of a full-time chief economic advisor. Of course now appointed.
Wipro, ONGC, Tech Mahindra, Titan top blue-chip gainers
Wipro, ONGC, Tech Mahindra, Titan, Divi’s, Bajaj Finance and Infosys were among the top gainers. On the other hand, IndusInd Bank, Larsen & Toubro and NTPC were the only laggards in the Nifty50 universe.
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