Sensex surges 443 points in opening trade ahead of Budget presentation

Samir SharmaFeb 01, 2021Business

The BSE Sensex gained 443 points to 46,728.83 and the NSE Nifty earned 114.85 points at 13,749.45 on Monday, ahead of Finance Minister Nirmala Sitharaman’s budget presentation today.

On Friday, the domestic equity market continued its downward journey for the sixth session in a row, with the BSE Sensex plummeting over 588 points and the NSE Nifty tumbling nearly 183 points due to across-the-board selling.

Both benchmark indices fluctuated between gains and losses in a highly volatile session.

Finance Minister Nirmala Sitharaman had also tabled the Economic Survey 2020-21 in the Lok Sabha.

Finance Minister Nirmala Sitharaman on Monday will deliver her promised budget like no other that is expected to provide relief to the pandemic-hit common man as well as focus more on driving the economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours.

Meanwhile, the issue of farmers’ protests is likely to dominate the Budget Session of Parliament, the first part of which will now end on February 13 instead of February 15, sources said on Sunday.

At an all-party meeting, the leaders of various parties raised farmers’ protests over farm laws and wanted a discussion on the issue. The Rajya Sabha also decided to change its sitting to February 13.

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