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David Dimbleby, 83, takes over from Huw Edwards, 61, who has anchored much of the BBC s coverage since Queen Elizabeth II s death on Thursday 8 September. ....
Best Budget-day reaction by the stock market in 22 years as Sensex gains 5% It was the highest Budget day gain reported by the Sensex in last 22 years as it rose 5 percent, while Nifty rose 4.7 percent. February 01, 2021 / 09:22 PM IST As Finance Minister Nirmala Sitharaman announced a Budget that is being seen as growth-oriented and balanced, Dalal Street gave a thumbs up. The Sensex rallied 2,300 points, or 5 percent, to 48,600.61 and Nifty gained 646.60 points, or 4.74 percent, at 14,281.20 in today s session. This has been the best performance by the stock market on a Budget Day since 1999. “Equity market was most thrilled with the absence of some nightmares like the introduction of wealth tax or raising LTCG tax, especially given that this was a challenging year on the revenue front for the government. The FM’s apt deviation from the path of fiscal consolidation to support growth has been well-taken, said Amar Ambani, Senior President and Hea ....
Synopsis Nilesh Shah of Kotak AMC said that this was a growth-oriented budget which will support the equity market. Asset monetisation, strategic divestment and auto scrappage policy were all positives, he said. Shutterstock.com Budget checked most of the boxes, be it boosting infra spending, capex revival, increasing FDI limit in insurance sector, scrappage policy for auto and tax exemption for housing, among others. NEW DELHI: Budget 2021 impressed Dalal Street investors a lot. Unlike Nirmala Sitharaman s last two budgets, when benchmark indices delivered negative returns on D-Days, her Monday s Budget got a big thumbs up by investors as Sensex rallied 2,315 points. ....