look news india
The first budget of PM Modi's third term is to be presented today. Finance Minister Nirmala Sitharaman will present the budget at 11 am. At that time, the stock market was seen rising even before the budget. As soon as the market opened at 9.30 am, Nifty and Sensex opened in the green mark. At 9.30 am, Sensex opened with 80 thousand 599 points. An increase of 97.89 points was seen. While Nifty opened at 24,524 points with a gain of 15.30 points.
Bank Nifty up
Before the budget announcement, the stock market's Bank Nifty is on a rise, but today the IT index is down, which is somewhat surprising. The IT index was moving up for the last few days, but today's decline on the budget day shows that the IT sector does not seem excited about the budget. Out of 50 stocks of NSE Nifty, 27 stocks are trading with gains and 23 stocks are trading with losses.
Which stocks rise and fall?
Talking about the rising stocks, Eicher Motors is seeing a rise of about two percent on the National Stock Exchange. At the same time, Ultra Cement's shares are seeing a jump of 1.25 percent. Shares of NTPC, L&T and Grasim rose more than one percent. If we look at the falling stocks, Shriram Finance's stock is seeing a decline of one and a half percent. Shares of BPCL, Wipro, Power Grid and Hindalco were trading at a decline of less than one percent.
