Stock Market: Sensex touched 50,231 for the first time in early trade. At the same time, the Nifty crossed 14,700.
After the budget (Budget 2021), the process of acceleration in the domestic stock market continues for the third consecutive day. On Wednesday, the Sensex and Nifty started off well on the signals and budget sentiments from the global market. In early trade, the Sensex touched the 50,231 level for the first time. At the same time, the Nifty crossed 14,700. The market slipped after opening at a record high. But within a few minutes, the market again came to the green mark. Let me tell you that in just two trading sessions the market has jumped by 3,400 points.
Midcap and smallcap stocks are also seen rising along with big stocks. The midcap index of BSE is trading with a gain of 0.93 per cent. At the same time, the BSE smallcap index is trading with a gain of 0.80 per cent. Business has seen buying in auto, IT, FMCG shares.
Home First Finance IPO Listing Today
The listing of the IPO of Home First Finance Company worth Rs 1153.72 crore will be listed on the stock market today. Home First Finance’s IPO was subscribed 26.66 times. Under the issue, bids of 41.64 crore shares were received for 1.56 crore shares. The price band for the IPO was Rs 517-518 per share.
FII made a record purchase in one day
Foreign Institutional Investors (FII) made record purchases on the domestic stock market on Tuesday. FII invested Rs 6,181 crore in the stock market while Domestic Institutional Investors (DII) sold shares worth Rs 2,305 crore.
Market closed for the second day in a row
After the budget, the market boom continued for the second day on Tuesday. The 30-share BSE Sensex gained 1,197.11 points to close at 49,797.72. Similarly, the Nifty gained 366.65 points to close at 14,647.85. The Sensex has strengthened by 3,511 points i.e. 7.58 per cent in two sessions, including the pace of the budget day. At the same time, the Nifty has gained 1,007.25 points i.e. 7.38 percent.
Experts believe that the proposals made in the budget such as higher capital expenditure, status quo on the direct tax front and capital gains tax were not increased, have a positive impact on the market.
