After the budget, once again the stock market is seeing a big boom. The market had gained about 5% on a good budget last day. On February 2, the Sensex is up 1519 points at 10:00 am. The Nifty is also in business with a strength of 440 points. Both benchmark indices are up over 3%. The Nifty rose 200 points while the Sensex rose about 600 points as soon as the market opened.
Nifty’s top gainer
Tata Motors shares opened at Rs 291.25, up nearly Rs 12.
Eicher Motors shares opened at Rs 2,871.55, up nearly Rs 29.
HDFC shares opened up about Rs 76 to Rs 2,655.60.
47 stocks out of 50 of the Nifty 50 pack are fast. Stocks of Tata Motors, HDFC, Larsen, UPL and HDFC Bank have seen more than 5% surge. Apart from this, Bajaj Finance, Axis Bank, Mahindra and Mahindra, SBI, etc. are also showing gains.
Hero Moto SALES in January has been better than anticipated. There has been a 5-fold jump in scooter sales, but total sales have fallen by 3 per cent to 4.85 lakh units. On the other hand, Eicher has sold more than 8 percent Royal Enfield.
Fertilizer companies will be paid a subsidy of 65 thousand crore rupees before March 31. In an exclusive conversation with CNBC Awaaz, the Expenditure Secretary said – From next year there will be no old arrears of fertilizer companies. Today the action will increase in fertilizer shares.
