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Budget 2015: Nifty at 1-mnth closing high, Sensex up 141 pts; banks soar

Feb 28, 2015, 03.44 PM IST | Source: Moneycontrol.com

The 50-share index was up 57.25 points at 8901.85. The Sensex ended up 141.38 points. About 1241 shares have advanced, 1494 shares declined, and 220 shares are unchanged.

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Budget 2015: Nifty at 1-mnth closing high, Sensex up 141 pts; banks soar

The 50-share index was up 57.25 points at 8901.85. The Sensex ended up 141.38 points. About 1241 shares have advanced, 1494 shares declined, and 220 shares are unchanged.

15:30

The News International Team

After a volatile day, the market ended Budget day trading on a higher note. The Nifty was at a 1-month closing high. The 50-share index was up 57.25 points at 8901.85. The Sensex ended up 141.38 points. About 1241 shares have advanced, 1494 shares declined, and 220 shares are unchanged.

Axis Bank, Sun Pharma, Tata Motors, ICICI Bank and HUL were top gainers in the Sensex. ITC lost 8 percent, BHEL, NTPC, Hindalco and Tata Power were major laggards in the Sensex.

The Finance Minister said that total additional public investment over and above is planned to be Rs 1.25 lakh crore out of which Rs 70,000 crore would be capital expenditure from budgetary outlays. “We also have to take into account the drastically reduced fiscal space; uncertainties that implementation of GST will create; and the likely burden from the report of the 7th Pay Commission,” he said.

“With the economy improving, the pressure for accelerated fiscal consolidation too has decreased. In these circumstances, I will complete the journey to a fiscal deficit of 3 percent in 3 years, rather than the two years envisaged previously. Thus, for the next three years, my targets are: 3.9 percent for 2015-16.

(Posted by Nasrin Sultana)

15:17

Live Market Updates: Sensex up 200 pts, Nifty above 8900; Sun Pharma gains

Axis Bank, Sun Pharma, Tata Motors, ICICI Bank and HUL are top gainers in the Sensex.

Read More »

15:05

Live Market Updates: Bank Nifty up 3%; Sensex, Nifty rebound on late buyingRead More »

Bank Nifty is up over 3 percent. Axis Bank, ICICI Bank, Sun Pharma, Tata Motors and HUL are top gainers in the Sensex.

Read More »

14:50

Live Market Updates: Heavy buying in bank, pharma take Sensex, Nifty to greenRead More »

Bank Nifty is up 3 percent. Axis Bank is up 7 percent, while ICICI Bank and Sbi are other gainers in the index. HUL and Sun Pharma are among major gainers in the Sensex.

Read More »

14:35

Live Market Updates: Sensex, Nifty sluggish; Rev estimates for FY16 set at 16%Read More »

The FM said that the government wants to raise savings rate to 36 percent of GDP. He said that revenue projections for FY16 is set at 16 percent.

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14:14

Live Market Updates: Sensex, Nifty weak; FMCG, Infra bleed on Budget proposalsRead More »

Capital goods, FMCG and Metal indices are under heavy selling pressure. ITC, BHEL, NTPC and Hindalco are major losers in the Sensex.

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14:00

Live Market Updates: Nifty reclaims 8800 but still in red; ITC plunges 9%Read More »

ITC is down 9 percent on excise duty hike on cigarettes. BHEL is down 5 percent, while NTPC, Hindalco and HDFC are losers in the Sensex.

Read More »

13:20

Live Market Updates: Sensex tanks over 250 pts, Nifty below 8800 post FM speechRead More »

Axis Bank is up 5 percent, follwoed by HUL, Dr Reddy’s Labs, GAIL and Tata Motors. Among the losers are ITC, BHEL, NTPC, Tata Power and HDFC.

Read More »

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