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Sensex, Nifty clock strongest Budget day rally after FM's speech cheers investors


Sensex, Nifty clock strongest Budget day rally after FM s speech cheers investors
The 2021 Union Budget announcements that cheered investors today included hike in foreign direct investment (FDI) limit in insurance from 49% to 74%, scrappage policy for vehicles, privatisation of two nationalised banks and proposal of monetisation of assets
Rupa Burman Roy | February 9, 2021 | Updated 10:30 IST
Nifty Bank hit at an all-time high today
The 30-share Sensex took a big leap on the Budget Day and jumped over 2,000 points to end 5% higher, recording the strongest rally in the past 20 years.
The index recorded its biggest Budget Day gain ever since 1997, as the first digital Budget in the history of India ticked all the right boxes for the equity market, with heavy buying seen in PSU banks, banking, infra and metal stocks. Sensex had gained over 6% since Budget day in 1997. ....

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