Sensex closes above 50K mark led by pharma, financials
Video Credit: ANI - Duration: 01:11s - Published
Sensex closes above 50K mark led by pharma, financials
The bull roar continued at bourses on February 03 with equity benchmark indices closing at record high peaks and exuberance over the Union Budget led to hopes of economic recovery among investors.
At the closing bell, the BSE SandP Sensex was up by 458 points or 0.92 per cent at 50,256 while the Nifty 50 advanced by 142 points or 0.97 per cent to 14,790.
Most sectoral indices at the National Stock Exchange were in the positive terrain with Nifty pharma gaining by 2.8 per cent, PSU bank by 2.6 per cent and metal by 1.7 per cent.
Among stocks, Dr Reddy's gained by 3.9 per cent to Rs 4,661 per share while Cipla moved up by 3.7 per cent to Rs 852.25.
Sun Pharma closed 3.1 per cent higher at Rs 628.55 per share.
The Finance Minister Nirmala Sitharaman is all set to present the Union Budget on July 23, marking the first full budget post the 2024 elections. With the economy showing robust growth and stock market indices like the Sensex and Nifty reaching record highs, thereβs a lot at stake.
#budget 2024, #market, #financeminister
~PR.320~ED.148~HT.96~GR.124~
Let's take a moment to appreciate the incredible journey of the Sensex, which breached the 80,000 mark for the first time on July 3, 2024. This remarkable rally saw the Sensex crossing the 80,000 mark on July 3 in the shortest span of just 138 sessions, a journey from 70,000 points completed within six months.
#market #sensex #nifty #Stockmarket #IndiaStockExchange #NationalStocks #Nifty #Sensexnews #Oneindia #Oneindianews
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The much-anticipated Union Budget is set to be delivered on July 23 by Finance Minister Nirmala Sitharaman. And there's a lot of buzz around possible changes to the Provident Fund. Employees are hopeful that the upper ceiling of the PF, which has remained static at βΉ15,000 for a decade, might see a hike.
#NirmalaSitharaman #UnionBudget #Buzz #ProvidentFund #Funds #ModiGovernment
#budget 2024, #providentfund, #financeminister
~HT.97~PR.320~ED.194~
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