Highlights

  • Nifty hits new highs day after the budget session
  • Stock markets surge in a post budget rally
  • Robust buying in key stocks like Reliance Industries, Infosys, and ICICI Bank

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Stock markets surge in a post budget rally; Nifty hits new highs

Market experts underscored the positive implications of the Interim Budget for the economy and emphasized its potential impact on long-term market prospects

Stock markets surge in a post budget rally; Nifty hits new highs

In a dynamic market session on Friday, benchmark equity indices witnessed a remarkable surge, fueled by a global rally and robust buying in key stocks like Reliance Industries, Infosys, and ICICI Bank.

The Nifty, in particular, reached an all-time high, surging by 429 points to an impressive 22,126, while the 30-share BSE Sensex soared by 1,444 points to 73,089, standing just 338 points away from its lifetime peak of 73,427.

The surge comes on the heels of the interim budget presentation, showcasing a strong market response despite a lack of immediate triggers. Market experts underscored the positive implications of the Interim
Budget for the economy and emphasized its potential impact on long-term market prospects.

Also read/watch - Income tax e-filing website down: Scheduled Maintenance from Feb 3 to Feb 5

Among the Sensex firms, Power Grid, NTPC, Infosys, Tata Consultancy Services, Tech Mahindra, Wipro and Reliance Industries were the major gainers during the afternoon trade.

HDFC Bank, Hindustan Unilever, Axis Bank and Titan were the laggards.

In Asian markets, Seoul and Tokyo were trading in the positive territory while Shanghai and Hong Kong quoted in the red.

The US markets ended with significant gains on Thursday.


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