Mumbai, Feb. 1–
Sensex rose 450 points to 60,007 points on the Mumbai Stock Exchange today ahead of the budget presentation.
Union Finance Minister Nirmala Sitharaman will present the Union Budget in Parliament today at 11 am. This is the last complete budget of the Modi government’s second 5-year term. With general elections due next year, this budget is considered very important. The Finance Minister presented the Pre-Budget Economic Survey yesterday.
Accordingly, the Indian economy will grow by 6.5 percent in the upcoming financial year 2023-24. GDP is projected to be 7 percent in the current financial year. As a result, yesterday’s trade had ended positively, today’s trade has started with a boom. The Sensex rose as much as 450 points to close at 60,007 points in early morning trading on the Mumbai Stock Exchange.
In this, the banking sector started with profit. Accordingly, S Bank, Punjab National Bank, ICICI The bank’s shares opened with gains. HDFC Bank and Kotak Bank were also seen with gains of over 1 percent in the stock trade. Coal India, Power Creek Corporation and Bharat Electronics were also seen with gains. However, shares of the Adani Group were seen falling. Similarly, the Nifty index rose by 130 points to 17,792 points on the national stock market.
The value of the Indian rupee has also risen to Rs.81.77 against the US dollar. This is 0.18% higher than yesterday’s close of Rs 81.92.
