Market

The surge in banking stocks came after FM Sitharaman said government would set up an asset reconstruction company to take over toxic assets

Updated : Feb 1, 2021

Why banking stocks are on fire post FM Nirmala Sitharaman's Budget speech

Union Budget 2021: Bank Nifty rose 2,484 points intra day to 33,049 against previous close of 30,565. BSE bankex too surged 2,544 points intra day to 37,206 against previous close of 34,662

Updated : Feb 1, 2021

Budget 2021: Will govt increase LTCG exemption limit beyond Rs 1 lakh

Budget 2021: From a stock markets' point of view, reforming the taxation burden on LTGC and removal of dividend distribution tax have been longstanding expectations of investors

The market correction has wiped out Rs 11.58 lakh crore in investor wealth. On January 20, market cap on BSE stood at Rs 197.70 lakh crore which fell to 186.12 lakh crore today.

Updated : Jan 29, 2021

Pre-Budget sell-off: Investors lose Rs 11.58 lakh crore as Sensex falls 3,500 points in six days

In six sessions, Sensex has lost 3,506.35 points or 7.04 per cent. Similarly, Nifty has declined 1,010.10 points or 6.89 per cent

Investors also await growth projections for the upcoming financial year from the annual economic survey which will be presented later in the day

Updated : Jan 29, 2021

Sensex, Nifty on course to end five-session losing streak as investors eye Budget 2021

The blue-chip NSE Nifty 50 index was up 0.88% at 13,938.50 by 9:18 am while the benchmark S&P BSE Sensex added 0.83% to 47,262.87. However, both indexes are on course to clock their second week of losses

The Union Budget which will be presented on February 1 is likely to decide the direction of the market ahead.

Updated : Jan 22, 2021

Budget 2021: Sensex scales 50,000 mark, here's how to play the market in short term

Sensex scaling the 50,000 mark raises questions ahead of the Union Budget 2021. Should investors keep booking profit amid the ongoing slide in index or should they bet big on the Budget being presented in the backdrop of Covid-19 crisis?

The upcoming earnings season and announcements made by finance minister Nirmala Sitharaman will decide the direction of the market on February 1 and thereafter.

Updated : Jan 7, 2021

Dalal Street high on hopes from FM Nirmala Sitharaman's third Budget speech

Experts expect that further rally in the market may need the economy to regain its mojo for which the Union Budget will prove to be a ideal platform