Why Sensex surged over 2,300 points on Budget day? Explained in 10 points3 min read . Updated: 01 Feb 2021, 06:25 PM IST
- What appealed most to the stock market was the absence of moves like wealth tax or increase in LTCG on equity investments in Budget 2021, said analysts
Indian stock markets surged today with Sensex surging over 2,300 points to 48,600 after the finance minister announced a slew of measures to revive the pandemic-hit economy. The NSE Nifty 50 surged 4.7% to 14,281. This marked the Nifty's best daily performance on a budget day since at least 1996, according to Refinitiv data.
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