New Delhi: The equity index surged on Monday with BSE Sensex benchmarks up more than 1,000 points ahead of the release of the economic survey.
Benchmark BSE Sensex started a session with a positive record, and jumped 1,034 points or 1.8 percent of liquid racking in Wipro indexes, Bajaj Finance and Infosys amid a positive trend in the Asian market.
The top winner in the Sensex package includes Mahindra, Wipro, InfoSys technology, Dr.
Reddy rose by 4.33 percent.
Bank Indusind and Bank Box are the only trading stock in red.
Finance Minister Nirmala Sitharaman will present an economic survey of 2021-22 in parliament.
The budget session began with President Ran Nath Kovind’s together with both parliamentary houses.
The President highlighted the achievement of the mega covid-19 mega covid-19 modi vaccination drive, and noted that 150 doses of crore were given to citizens at a time record.
He further said that India received $ 48 billion in FDI in the first seven months of this fiscal and this was proof of investor confidence in the country.
Foreign investors have sold heavily in run-up on a budget on Tuesday, where analysts expect additional fiscal steps to increase demand amid the third wave of Covid-19 infection.
“We mostly reflect the strong battle of the US market on Friday, but maintaining the increase it will be difficult to remember that we have a budget tomorrow.
We think it would be wise to limit the position,” Vice President told Vice President.
Reuters news agency.
“Until now, indications is that we might see some more consolidation posting the budget, because foreign investor data is not too encouraging,” Mishra said.
Meanwhile, Brent Crude’s international oil benchmark rose 1.31 percent to $ 91.21 per barrel.
Foreign Institution Investors (FIIS) remain clean sellers in the capital market, issuing Rs 5,045.34 Crore Friday, according to temporary data.
(With input from the agency)