Market Update: Frontline indices rise around 1.5% intraday as FM starts Budget 2022 presentation
At around 10:34 am, the BSE Sensex is up over 841 points or 1.40 per cent to 58828-mark, while Nifty50 surged over 242 points or 1.40 per cent to 17582-level intraday today.
Showing strength for the second straight session, the Indian markets on the Budge-day is extending gains, as Sensex jumped almost 900 points and Nifty50 above 17500-mark. The Budget 2022-23 is scheduled to be presented on Tuesday at around 11:00 am by finance minister Nirmala Sitharaman.
At around 10:34 am, the BSE Sensex is up over 841 points or 1.40 per cent to 58828-mark, while Nifty50 surged over 242 points or 1.40 per cent to 17582-level intraday today. In the broader markets, both Nifty mid and small-cap indices are up around 1 per cent intraday.
See Zee Business Live TV Streaming Below:
As many as 43 stocks are in the green and 7 in the red on Nifty50 intraday. Sun Pharma is leading most by over 4.5 per cent, followed by Britannia up over 4 per cent, while IndusInd Bank is gaining over 3 per cent intraday today.
While other stocks such as ICICI Bank, Tata Steel, HDFC Life, Hindalco, L&T, Axis Bank, HDFC each up between 2-3 per cent intraday today. Besides, around 16 heavyweights, including HDFC Bank, Reliance Industries are surging between 1-2 per cent intraday today.
On the contrary, oil marketing company such as Indian Oil Corporation and Bharat Petroleum Corporation Limited on the back of below than expected results slipped by around 3 and 2 per cent respectively in intraday today.
Tata Motors shares too slipped by over 1 per cent as the company reported loss in Q3 earnings as compared to profit during a year ago quarter. ONGC, Dr Reddy, Bajaj Auto and Power Grid are other stocks that are in red zone intraday.
Sectorally, all indices are in the green with Nifty Financial Services and Pharma are soaring most by almost 2 per cent each, followed by Nifty Bank and Nifty Realty also up around 2 per cent intraday. While Nifty IT, FMCG and PSU Bank indices are up around 1 per cent intraday today.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
11:14 AM IST