India Stock Market News Updates Today: IndusInd Bank, followed by Dr Reddy's, PowerGrid, Tech Mahindra, M&M, Sun Pharma and Axis Bank were among the top gainers. On the other hand, Maruti, Kotak Bank, SBI and UltraTech Cement were among the losers

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This large cap stock has rallied 422 per cent from its 52-week low of Rs 63.60 as on March 24, 2020, while it gained 29 per cent in the last two sessions     

It is a new year, and the one resolution that you have to make this year, more so after an eventful 2020, is to manage your finances the best way possible.

Industry leaders praised the steps to provide tax relief to senior citizens, encourage expenditure for infrastructure development and emphasis on healthcare in Union Budget 2021-22; Farmer unions have announced a nationwide 'chakka jam' on February 6 against the internet ban on their agitation spots and alleged harassment by the authorities; About 1,500 of the initial volunteers in a late-stage clinical trial of the Oxford/AstraZeneca Covid-19 vaccine received wrong dose. Watch this and more on News Blast.Also Read: Sensex reclaims 50,000 mark, Nifty crosses 14,700 after investors cheer Budget 2021

In last two sessions, Sensex rallied 3,511 points and Nifty gained 1,012 points. With the two-day rally, Sensex and Nifty have erased all losses they suffered in the previous six  sessions

State Bank of India, HDFC Bank, Larsen & Toubro, Hindalco, UPL and Bharat Petroleum Corporation were among the top gainers today

Finance Minister Nirmala Sitharaman in her budget for fiscal year announced plan to monetise oil and gas pipeline assets of IOC, GAIL and Hindustan Petroleum Corporation

This year's budget was in the midst of the pandemic, but stayed on the path of 'AtmaNirbhar Bharat Abhiyan' that supplements the Make in India vision of the government

Experts say the likelihood of a tax hike for tobacco products and cigarettes was low in this year's budget because it was hiked sharply in Budget 2020

While the expectations of the common man of tax relief are not met, the budget outlines measures to rationalise the tax structure and bring out changes in the tax processes

Resisting the temptation to hike taxes, the finance minister banked on disinvestment and asset monetisation to increase government's revenue.

BSE Auto index closed 909 points  or 3.95% higher at 23,968. In two sessions, the index has  gained 1,798 points on a closing basis

On like-to-like basis, Q3 profit stands at Rs 3,694 crore compared to Rs 2,908 crore in the previous year, reflecting a growth of 27 per cent, says HDFC Ltd. Net interest income for the quarter ended December 31, 2020, grew 26 percent at Rs 4,068 crore

Indian sugar mills produced 17.7 million tonnes of sugar in the first four months of the marketing year which started on Oct. 1, 2020

Bold measures have been proposed in the budget, such as privatisation of two public sector banks and a general insurance company in this fiscal, higher FDI in the insurance sector, exhibiting India's confidence to be globally competitive

Whilst the government's proposals are moving in the right direction, further intervention is the need of the hour to aid significant sectoral growth

With a fiscal deficit of 9.5% of GDP, there was limited scope for any significant tax concessions in Budget 2021

While the Budget has revealed a plethora of proposals targeted at supporting the nascent economic rebound, timely implementation of these proposals will be key to sustaining higher growth of the Indian economy in FY2022 and beyond

With the fiscal deficit at 9.5 per cent, there was hardly any scope available for  tax concessions or tax reliefs for the common man. However, the good part about the year's budget was there were no new taxes or COVID cess announcements which ensure continuity and stability in the system, said Tarun Arora, Partner, Deloitte India. Watch the video as he weighs in on what works in the budget.