Sensex remains unaffected even after budget let down the market.



The losses incurred on the budget day, the Sensex rose 917 points.


New Delhi: On Tuesday, the stock market of the domestic markets was auspicious. There was a great boom in the market. This made up for the decline in the market on the budget day. The fall in crude oil killed the domestic market. Due to cheaper crude oil, the expenditure on imports will be reduced. This will also strengthen the rupee. Due to the Coronavirus in China, demand for crude oil is expected to decrease. Due to this, it declined.


Here, the market in India is hopeful that companies with more cash can announce dividends soon. He is confident that after the introduction of the new budget, domestic companies will announce the dividend before March.


Starting today, a three-day meeting of the Monetary Policy Committee of the Reserve Bank of India (RBI) has started. Its results will come on Thursday. It is estimated that the central bank will not change the interest rate.

The BSE Sensex closed up 40,789, up 917 points or 2.30 per cent. At the same time, the Nifty 50 index ended the business at 11,980, registering a gain of 272 points or 2.32 per cent. Midcap index and smallcap index also showed a rise of more than one and a half per cent.


Shares of G Entertainment dived up to 5.5 per cent on the Nifty 50 index. Apart from this, only the shares of Bajaj Auto, Yes Bank, Eicher Motors and Hindustan Unilever ended the session trading with red marks.


On the other hand, Titan shares jumped up to 7.5 per cent. After this, shares of Bharti Infratel, Indian Oil, Bajaj Finserv, Bharat Petroleum, Hindalco, ITC, GAIL (India), Tata Steel and HDFC rose 4 to 6 per cent. On Tuesday, the indices of all the sectors ended the session at a rapid pace. The metal index gained up to five and a half per cent, while the realty and finance services index gained three per cent each. Pharma, private banks and IT index gained up to two per cent each.


All the stocks on the metal and IT index showed up. Welspun shares gained 8 per cent. DLF shares outperformed on the realty index. Only one share on the Financial Services Index, while only two stocks on the Pharma and Private Indices slipped.


Shares of 49 companies, including Offal India, AGC Networks, Deepak Nitrate Escorts, Dabur India, Quantum Papers, MRF, Shree Cement, Ruchi Soya and Welspun Corporation, reached their 52-week high on Tuesday. In contrast, shares of 71 companies, including Agro Foss, Bank of Baroda, Cox & Kings, Dewan Housing Finance, DQ Entertainment, IFB Industries, Indian Bank, Krishn Infras Modi Rubber, NK Industries, Rolta India and Citi Networks, hit their 52-week low. Slipped to level.


45 stocks on the Nifty 50 index were green, while only five stocks ended the trade with a red mark. The price of one share did not change. The Sensex climbed 28 stocks and only two stocks fell. On the BSE, 1,617 shares closed higher and 862 shares softened.

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