Will Markets Respond Well to Budget 2021 After Losing Almost Rs 10,000 cr Last Week?
FOLLOW US ON:
Ahead of Union Budget 201, the market witnessed continuous selling throughout the truncated week ended January 29 amid volatility due to monthly expiry, FII selling, and weak global markets. Meanwhile, market participants also booked profit ahead of the Budget to be presented later in the day.
Last week, BSE Sensex slipped 2,592.77 points or 5.3 percent to end at 46,285.77 and while the Nifty50 fell 737.3 points or 5 percent to finish at 13,634.60 levels.
The BSE Large-cap Index slipped 5 percent dragged by the Piramal Enterprises, Maruti Suzuki India, Tata Motors, and Dr. Reddy’s Laboratories, while Grasim Industries, Axis Bank, Cipla, and Sun Pharmaceutical Industries ended with marginal gains.
Market falls 5% on profit booking ahead of Budget 2021
On the sectoral front, Nifty IT, Auto and Energy lost more than 6 percent each and Infra sector lost 5 percent. January 30, 2021 / 09:04 AM IST Market witnessed continuous selling throughout the truncated week ended January 29 amid volatility due to monthly expiry, FII selling and weak global markets. Meanwhile, market participants also booked profit ahead of the Union Budget to be presented on February 1. Last week, BSE Sensex slipped 2,592.77 points or 5.3 percent to end at 46,285.77 and while the Nifty50 fell 737.3 points or 5 percent to finish at 13,634.60 levels. The BSE Large-cap Index slipped 5 percent dragged by the Piramal Enterprises, Maruti Suzuki India, Reliance Industries, Tata Motors and Dr Reddy’s Laboratories, while Grasim Industries, Axis Bank, Cipla and Sun Pharmaceutical Industries ended with marginal gains. (Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Medi
2-MIN READ
Almost Rs 10 Lakh Crore Lost Ahead of Budget as Markets Register Continuous Fall
In 2019, Finance Minister Nirmala Sitharaman ditched the colonial legacy of a Budget Briefcase for a Bahi-Khata to carry Union Budget Papers. Photo: PTI
Last week, BSE Sensex slipped 2,592.77 points or 5.3 percent to end at 46,285.77 and while the Nifty50 fell 737.3 points or 5 percent to finish at 13,634.60 levels.
FOLLOW US ON:
The market witnessed continuous selling throughout the truncated week ended January 29 amid volatility due to monthly expiry, FII selling, and weak global markets. Meanwhile, market participants also booked profit ahead of the Union Budget to be presented on February 1.
Updated Dec 15, 2020 | 10:59 IST
Burger King share price: Burger King s listing day gain was the third-best closing on the listing day by any company in India. some analysts are betting on more upsides for Burger King over the next few months. Representational image
New Delhi: Despite the 130% gains made by Burger King India shares on its listing day analysts are hopeful that the stock has more upside to come. Burger King shares closed at Rs 138.40 a piece as compared to its issue price of Rs 60. This is the third-best closing on the listing day by any company in India. Prior to this Salasar Techno and Astron Paper has registered 151.9% and 139.4% gains on the listing date in July and December of 2017.