Domestic benchmark stock indices closed higher on Friday, February 2, a day after the 2024 interim budget was announced. The BSE Sensex gained 440.33 points to end at 72,085.63, while the NSE Nifty gained 156.35 points to end at 21,853.80.
The rupee also gained 7 paise against the US dollar to settle at 82.91 paise (provisional).
Of the 30 stocks on the Sensex, 21 ended in the green, tracking the rally in global markets. The top gainers were Power Grid, NTPC, Tata Consultancy Services (TCS), Tata Steel and JSW Steel, which rose as much as 4.10%. On the other hand, the top losers were Axis Bank, HDFC Bank, Hindustan Unilever, ITC and Larsen & Toubro, which fell as much as 1.42%.
In afternoon trade around 12 noon, the Nifty gained 429.35 points to reach a record high of 22,126.80 points. Meanwhile, the 30-share BSE Sensex also rose 1,444.1 points to 73,089.40 points.
Prashanth Tapse, senior vice president (research) at Mehta Equities, said: “The bull market on Dalal Street is booming, driven by positive developments such as a surge in equities on Wall Street, a 3% fall in WTI oil prices and a promising interim Union Budget. . Focus on consumption, In industries such as defence, railways, hotels, services and electronics, India’s goal of a US$5 trillion economy is just around the corner.”
Brent crude, the global oil benchmark, rose 0.42% to $79.03 a barrel. Foreign institutional investors (FIIs) sold shares worth Rs 1,879.58 crore on Thursday, according to exchange data.
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