comScore
Active Stocks
Fri Sep 29 2023 15:59:14
  1. Tata Steel share price
  2. 129 1.78%
  1. NTPC share price
  2. 245.65 3.3%
  1. Power Grid Corporation Of India share price
  2. 199.85 -0.45%
  1. State Bank Of India share price
  2. 598.7 1.48%
  1. Wipro share price
  2. 406.25 0.11%
Business News/ Markets / Live Blog/  Sensex jumps 814 pts, Nifty ends above 17,300 on FY23 GDP forecast of 8-8.5%
Back

Sensex jumps 814 pts, Nifty ends above 17,300 on FY23 GDP forecast of 8-8.5%

Markets close: Sensex climbed 813.94 points, or 1.42% to 58,014.17, while Nifty gained 238 points or 1.39% to close at 17,339.85. TechM, Infy, Wipro, Titan were the top gainers, while Kotak Bank, IndusInd Bank were the top losers

Market Closing: All Sensex constituents -- barring HUL, Kotak Bank and IndusInd Bank -- traded with gains on Monday.Premium
Market Closing: All Sensex constituents -- barring HUL, Kotak Bank and IndusInd Bank -- traded with gains on Monday.

Equity benchmarks Sensex and Nifty jumped over 1.4 per cent on Monday, after the Economic Survey 2021-22 projected a 9.2 per cent growth rate for 2021-22. Finance Minister Nirmala Sitharaman on Monday presented the Economic Survey that details the state of the economy ahead of the government's Budget for the fiscal year beginning April 1, 2022. The Economic Survey has pegged GDP growth in 2021-22 at 9.2% and 8-8.5% for FY23 and said economic activity has recovered to the pre-pandemic level.

31 Jan 2022, 03:47:44 PM IST

Sensex climbs 813 points, Nifty ends above 17,300

On Monday, the benchmark indices made a jump start to a crucial Budget week. The Economic Survey was tabled by Finance Minister Nirmala Sitharaman on Monday that projected a GDP growth of 8-8.5% for FY23 against 9.2% in the current fiscal year. Sitharaman is scheduled to present the Union Budget 2022 on 1st February at 11:00 AM.

Despite the Survey suggesting a correction in the GDP growth projection for FY23, the Sensex jumped 712 points in opening trade with the help of major gains in Wipro, Bajaj Finance and Infosys. The index surged to a high of 58,257, or over 1,000 points, before settling at 58,014.17, or 1.42% up, amid a positive trend in the Asian markets. Similarly, the Nifty50 briefly went over 17,400, surging more than 300 points, before closing at 17,339.85, 1.39% higher.

The investors were driven by the expectations of measures to boost the capital expenditure and continuation of the investment-driven economic policies. The investors are also hoping that the Budget will reduce the burden of the middle class with tax incentives and other welfare measures to boost consumption.

Of the all stocks on the Sensex, 27 ended in the green. Tech Mahindra, Wipro, Bajaj Finance, Infosys were the top gainers, while Hindustan Unilever, IndusInd Bank, and Kotak Mahindra bank were the top losers. 

In Nifty50, Tech Mahindra, Tata Motors gained, while Kotak Mahindra Bank and IndusInd Bank ended in the negative zone.

On the sectoral front, IT, power, auto, pharma, PSU banks, oil & gas and realty were up 1-3 per cent. 

31 Jan 2022, 03:41:58 PM IST

Nifty50 ends 237 points up

NIfty50
View Full Image
NIfty50
31 Jan 2022, 03:40:37 PM IST

How the Sensex performed today

BSE Sensex
View Full Image
BSE Sensex
31 Jan 2022, 03:39:38 PM IST

Sensex ends 800 points higher; 27 stocks in green

BSE Sensex
View Full Image
BSE Sensex
31 Jan 2022, 03:15:48 PM IST

Sensex at 58,031, up 830 points; TechM, Wipro lead

BSE Sensex
View Full Image
BSE Sensex
31 Jan 2022, 02:41:46 PM IST

Union Budget 2022: All you need to know

As Union Finance Minister Nirmala Sitharaman is scheduled to present her fourth Union Budget for the next financial year tomorrow, all eyes would be on how the Centre balances out populist measures while walking the tightrope of fiscal consolidation.

31 Jan 2022, 02:39:05 PM IST

Vodafone teams up with Intel on OpenRAN in challenge to network suppliers

Vodafone has teamed up with Intel Corp and other silicon vendors to design its own chip architecture for nascent OpenRAN network technology, aiming to weaken the grip of traditional telecoms equipment suppliers.

OpenRAN allows operators to mix and match suppliers in their radio networks, posing a challenge to the likes of Ericsson, Huawei and Nokia that dominate the global telecoms equipment market with their proprietary technologies.

31 Jan 2022, 02:06:10 PM IST

Economic Survey 2022 key highlights

-Advance estimates suggest that the Indian economy is expected to witness real GDP expansion of 9.2 per cent in 2021-22 after contracting in 2020-21

-Agriculture and allied sectors have been the least impacted by the pandemic and the sector is expected to grow by 3.9 per cent in 2021-22

-The Services sector has been the hardest hit by the pandemic, especially segments that involve human contact

-Overall, macro-economic stability indicators suggest that the Indian economy is well placed to take on the challenges of 2022-23. Read more

31 Jan 2022, 02:00:18 PM IST

Sun Pharma Q3 net profit rises 11%; stock gains

Sun Pharma reported a consolidated net profit of 2,059 crore for the December quarter, up 11% from a year ago period. 

The company's revenue from operations came in at 9,863 crore for the period under review.

The stock was trading 0.7% higher at 2:00 PM

31 Jan 2022, 01:35:35 PM IST

BSE Realty Index rises 2.89%

BSE Realty
View Full Image
BSE Realty
31 Jan 2022, 01:21:15 PM IST

Celcius inks pact with Shriram Transport Fin

SaaS-based cold chain aggregator platform Celcius on Monday announced a financial tie-up with Shriram Transport Finance Company (STFC) to fund vehicles and working capital financing for the cold supply chain market.

Under the collaboration, which marks STFC's entry into the cold supply chain segment, the two partners will provide light and heavy commercial vehicles to the cold chain industry.

Shares of Shriram Transport Finance Company were trading 0.51% higher at 01:20 PM

31 Jan 2022, 01:02:13 PM IST

Economic Survey to be tabled in Rajya Sabha at 3:30 PM

The Survey will be made public after it is tabled in the Rajya Sabha

31 Jan 2022, 12:55:02 PM IST

FM tables Economic Survey 2021-22 in Lok Sabha

Finance Minister Nirmala Sitharaman on Monday presented the Economic Survey that details the state of the economy ahead of the government's Budget for the fiscal year beginning April 1, 2022.

It projects an 8-8.5 per cent growth rate for the Indian economy in 2022-23 fiscal year (April 2022 to March 2023).

This compares to 9.2 per cent GDP expansion projected by the National Statistical Office (NSO).

The Economic Survey 2021-22, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.

The gross domestic product (GDP) contracted by 7.3 per cent in 2020-21.

The Survey focuses on supply-side issues to improve the resilience of the Indian economy.

31 Jan 2022, 12:51:56 PM IST

Nifty Oil & Gas gains 2.33%

Nifty
View Full Image
Nifty
31 Jan 2022, 12:47:54 PM IST

Nifty50 up 1.6%

Nifty50
View Full Image
Nifty50
31 Jan 2022, 12:45:22 PM IST

BSE Sensex, Sensex 50, Sensex Next 50 all up 1.6% 

BSE
View Full Image
BSE
31 Jan 2022, 12:34:21 PM IST

India's longest expressway linking Delhi to Mumbai to be completed soon; government has also approved 21 greenfield airports: President

31 Jan 2022, 12:30:40 PM IST

Bharti Airtel acquires 25% stake in Lavelle Networks; Stock rises 2%

The Bengaluru-based Lavelle Networks is a tech startup that specialises in Software-defined Wide Area Network solutions and it serves a range of industry segments.

Its platform has connected several thousands of Indian enterprises from the nation's largest financial institutions to e-commerce networks, a company statement said.

BSE
View Full Image
BSE
31 Jan 2022, 12:25:04 PM IST

UPL Q3 net profit rises 18%

UPL Ltd today reported a net profit of 937 crore for the December quarter, up 18% from a year ago. It was 793 crore in the same quarter last year.

The company's revenue witnessed a growth of 24% to 11,297 crore, led by healthy growth in volumes and better product realizations.

31 Jan 2022, 12:24:04 PM IST

BSE Sensex up 1.82%; TechM leads with 4.71%

BSE Sensex
View Full Image
BSE Sensex
31 Jan 2022, 12:13:46 PM IST

UPL rises 1% after Q3 results

BSE 
View Full Image
BSE 
31 Jan 2022, 12:02:40 PM IST

Aditya Birla Sun Life Mutual Fund launches Nifty Next 50 Index Fund

Aditya Birla Sun Life AMC Ltd has announced the launch of Aditya Birla Sun Life Nifty Next 50 Index Fund, an open-ended scheme that will track the Nifty Next 50 Index. The new fund offer (NFO) opened for subscription on Monday and will close on 14 February.

As per the asset management company, the objective of the scheme is to provide returns that closely track the total returns of securities as represented by Nifty Next 50 Index.

31 Jan 2022, 11:59:11 AM IST

Priority to Make in India in defence contracts, 209 items used by armed forces will not be imported: President Kovind

31 Jan 2022, 11:50:58 AM IST

Relentless efforts by govt led to India emerging as one of the fastest growing economies in the world: President Kovind

31 Jan 2022, 11:50:01 AM IST

India got $ 48 bn in FDI in first seven months of this fiscal: President Kovind

31 Jan 2022, 11:39:54 AM IST

India is running world's largest food distribution program: President Kovind

To ensure that no one returns home hungry, my govt distributes free ration to the poor every month as part of PM Gareeb Kalyan Yojana. Today India is running world's largest food distribution program; it has been extended till March 2022: President Ram Nath Kovind

31 Jan 2022, 11:37:45 AM IST

India's agriculture exports have crossed ₹three lakh crore, says President Kovind in Budget Session of Parliament

31 Jan 2022, 11:36:36 AM IST

More than 11 crore farmer families received ₹1.80 lakh crore through PM-KISAN; big changes seen in farm sector: President Kovind

31 Jan 2022, 11:36:15 AM IST

BSE PSU index up 1.66%; Canara Bank leads with 4.29%

BSE
View Full Image
BSE
31 Jan 2022, 11:30:16 AM IST

Jubilant FoodWorks up 5.3%

BSE
View Full Image
BSE
31 Jan 2022, 11:28:15 AM IST

Info Edge gains 6.65%

BSE
View Full Image
BSE
31 Jan 2022, 11:25:20 AM IST

₹64,000 cr PM Ayushman Bharat Health Infrastructure Mission will prepare country for health crisis in future: President Kovind 

31 Jan 2022, 11:24:36 AM IST

BSE IT Index up 2.74%

BSE
View Full Image
BSE
31 Jan 2022, 11:22:41 AM IST

Top Sensex gainers: IT firms lead

TechM (4,65%), Wipro (3.43%), Dr Reddy (3.28%), Infosys (3.15%), HCL Tech (2.75%)

31 Jan 2022, 11:19:21 AM IST

We have administered 150 crore doses of covid vaccines in record time: President Kovind in address to joint sitting of Parliament

31 Jan 2022, 11:18:50 AM IST

More than 70% beneficiaries have been administered second dose of covid vaccine: President Kovind

31 Jan 2022, 11:14:52 AM IST

Thankful to our healthcare and frontline workers: President Kovind

31 Jan 2022, 11:07:48 AM IST

Rupee gains 15 paise to 74.92 against US dollar in early trade

The rupee appreciated 15 paise to 74.92 against the US dollar in opening trade on Monday, supported by the recovery in domestic equities.

However, the surge in the rupee was restricted amid elevated crude oil prices and firm American currency.

Meanwhile, Finance Minister Nirmala Sitharaman will present the Economic Survey 2021-22, later in the day.

At the interbank foreign exchange, the rupee opened at 74.97 against the American dollar, then inched higher to quote 74.92, registering a rise of 15 paise from the last close.

In the previous session, the rupee had settled at 75.07 against the greenback.

31 Jan 2022, 11:07:18 AM IST

PM Modi on Budget Session

I request all MPs, elections keep happening but Budget Session is very important, we need to make it fruitful: PM Modi

31 Jan 2022, 11:03:22 AM IST

IndusInd Bank falls 3.5%

BSE Sensex
View Full Image
BSE Sensex
31 Jan 2022, 10:59:28 AM IST

Prez Kovind's cavalcade arrives at the Parliament ahead of Budget session

31 Jan 2022, 10:54:52 AM IST

Eco Survey to be tabled in Lok Sabha at 12:45 PM: Report

With the Budget Session of Parliament commencing on Monday, the government is all set to lay Economic Survey 2021-22 along with Statistical Appendix in both Houses.

Economic Survey 2021-22 and the Statistical Appendix will be laid on the table of the Lok Sabha at around 12.45 pm by Union Finance Minister Nirmala Sitharaman

While it will be tabled in Upper House a few minutes after the House assembles at 2.30 pm.

Sitharaman will lay a copy of the Economic Survey, 2021-22 along with Statistical Appendix both in English and Hindi, mentioned the list of business of Rajya Sabha.

31 Jan 2022, 10:51:35 AM IST

Reliance Industries up 2%

BSE Sensex
View Full Image
BSE Sensex
31 Jan 2022, 10:50:32 AM IST

Tech Mahindra gains 4.24%

BSE Sensex
View Full Image
BSE Sensex
31 Jan 2022, 10:45:47 AM IST

Top Nifty50 losers

Nifty50
View Full Image
Nifty50
31 Jan 2022, 10:45:10 AM IST

Top Nifty50 performers

Nifty50
View Full Image
Nifty50
31 Jan 2022, 10:44:32 AM IST

Most active Nifty50 shares 

Nifty50
View Full Image
Nifty50
31 Jan 2022, 10:42:26 AM IST

Opposition will raise the Pegasus issue in the Parliament

31 Jan 2022, 10:40:53 AM IST

Budget session begins today

PM Modi addresses media ahead of Budget session. Finance minister Nirmala Sitharaman will table the Economic Survey today and the Union Budget tomorrow. 

31 Jan 2022, 10:39:02 AM IST

Important to provide support to MSMEs; expecting higher MGNREGA outlay: Subhrakant Panda, Senior VP FICCI

Download the App to get 14 days of unlimited access to Mint Premium absolutely free!

Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App