3.36 PM: Closing Bell | Market cheers Union Budget 2021; Sensex gains 2,314 pts, Bank Nifty hits record high

Market Close: Benchmark indices broke the six day losing streak and give complete thumbs up to the measures announces in the Union Budget 2021 by the Finance Minister to speed up growth.

At close, the Sensex was up 2,314.84 points or 5% at 48600.61, and the Nifty was up 646.60 points or 4.74% at 14281.20. About 1902 shares have advanced, 979 shares declined, and 198 shares are unchanged.

IndusInd Bank, ICICI Bank, Bajaj Finserv, SBI and L&T were among major gainers on the Nifty, while losers were UPL, Dr Reddy’s Labs, Cipla, Tech Mahindra and HUL.

Except pharma, other sectoral indices ended with a gain of 1-8 percent. BSE Midcap and Smallcap rose 2-3 percent.

News Source:- Moneycontrol

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