Stocks hit Best Single Day Gain Ahead Of Interim Budget
January 31, 2019
Indian benchmarks – Sensex, Nifty – posted striking gains on the expiry day of
Future and Option (F&O) and ahead of the interim Budget which to be declared
tomorrow, the first February 2019. High Intraday volatility experienced in
trade due to the F&O contract’s January series expiry today, 31-Jan-19.
BSE Sensex reached at the pinnacle up 665.44 points at 36,256.69, while broader
Nifty50 was up 179.20 points at 10,831.
Bank, GAIL India, Infosys, Titan and Tata Motors are among major gainers on the
Nifty, while losers are Yes Bank, Zee Entertainment, Bajaj Finserv, Indiabulls
Housing Finance and HCL Technologies.
the sectoral indices of the NSE, except Nifty media, ended in green led by Nifty
Bank, PSU bank, Private bank, Financial Service, IT, Metal, Auto, Pharma and FMCG in rising sequence.
buzzing stocks, Bharti Airtel Ltd advanced 0.72% ahead of its Oct-Dec 2018
quarterly result to be released later today. Hero MotoCorp also rose 0.50 percent
ahead of its result declaration today.
of Larsen and Toubro (L&T) rose 1.07% at 1,308.30, after its wholly owned
subsidiary L&T Hydrocarbon has won two massive orders from Indian Oil Corp.
investor’s attention will focus on interim budget presentation tomorrow. The
government is expected to make a number of political approaches that strives to
appeal to ordinary people that may contain tax concessions and a certain
package for the farm sector.