Volatility increased in the stock market before the budget, investors' capital increased by Rs 3 lakh crore

Stock Market Today: All eyes are on the Economic Survey to be released today by Finance Minister Nirmala Sitharaman before the budget. As a result, the Indian stock market started in the negative zone. The Sensex opened 195 points down at 80770.37. Buying has increased in PSU and banking stocks. Amid stock-specific gains, investors' capital has increased by Rs. 3 lakh crore today.

After the stock market opened with a decline, Prime Minister Narendra Modi reached the Parliament and gave a statement that this time the Parliament will be positive. So, with the hope of meeting the expected demand in the budget, at 10.36 am, the Sensex jumped 127.32 points to 80731.97, while the Nifty jumped 32.05 points to trade at 24562.95. Volatility index India VIX rose 2.05 percent to trade at 15.13.

Tomorrow on July 23, the Finance Minister is going to present the Union Budget 2024-25. Amid the volatility in the stock market, investors are currently looking for an opportunity to buy shares at a discount. The Nifty index was trading at 24416. Out of 3888 stocks on the BSE, 2340 were trading in the green zone, while 1347 were trading in the red zone. 131 stocks reached the highest level of the year and 33 stocks reached the lowest level of the year.

Reliance shares were the biggest loser in the Sensex pack

Among the 30 stocks in the Sensex pack, NTPC was trading 2.92 per cent up, HDFC Bank 2.59 per cent, Mahindra & Mahindra 2.21 per cent, PowerGrid 2.15 per cent and Tata Steel 1.52 per cent up. While Reliance was down 2.76 per cent, Kotak Bank 2.55 per cent, ICICI Bank 0.89 per cent, ITC 0.74 per cent and IndusInd Bank 0.68 per cent.