Barometers traded with robust gains in afternoon trade. At 12:53 IST, the barometer index, the S&P BSE Sensex, jumped 1225 points or 2.65% at 47,511.07. The Nifty 50 index surged 346.2 points or 2.54% at 13,980.45.
Shares rallied after Finance Minister Nirmala Sitharaman on Monday proposed a sharp rise in capital expenditure for the next fiscal to Rs 5.54 lakh crore, from Rs 4.39 lakh crore in the current financial year.
In broader market, the S&P BSE Mid-Cap index was up 0.51% while the S&P BSE Small-Cap index was up 0.41%.
The market breadth was positive. On the BSE, 1587 shares rose and 1123 shares fell. A total of 188 shares were unchanged.
Shares of seven civil construction companies gained 2% to 7% after the central government announced outlay of Rs 1.18 lakh crore For Ministry of Road Transport And Highways.
NCC (up 7.72%), Ashoka Buildcon (up 7.21%), KNR Constructions (up 5.63%), J. Kumar Infraprojects (up 4.07%), Sadbhav Engineering (up 3.81%), Man Infraconstruction (up 3.49%) and ITD Cementation India (up 2.61%) advanced.
Presenting the Union Budget 2021, Finance Minister Nirmala Sitharaman said: To further augment road infra, more economic corridors are being planned.
FM announced 3,500 km of national highway works in Tamil Nadu at an investment of Rs 1.03 lakh crore, 1,100 km of national highway works in Kerala at an investment of Rs 65,000 crore and 675 km of highway works in West Bengal at a cost of Rs 25,000 crore.
Read more about Total Covid-19 Relief Measures Estimated At 27.1 Lakh Crore Says Finance Minister on Business Standard. Powered by Capital Market - Live News
India expected to increase public spending in post-pandemic budget laprensalatina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laprensalatina.com Daily Mail and Mail on Sunday newspapers.
Read more about IndusInd Bank consolidated net profit declines 36.58% in the December 2020 quarter on Business Standard. Total Operating Income decline 0.59% to Rs 7241.50 crore