Story
Share Market Highlights: Sensex ends 1,197 points higher, Nifty at 14,647; SBI, HDFC twins, L&T top gainers
India Stock Market News Updates Today: Earlier today, Sensex rose above the psychological key level of 50,000 and Nifty neared 14,700
BusinessToday.In | February 2, 2021 | Updated 16:05 IST
Share Market News: Here's a look at the updates of the market action on BSE and NSE today
Sensex, Nifty Highlights on February 2: Market indices rose another 2.5% each on Tuesday after a 5% budget driven rally in the previous session, with Sensex back at 50K mark and Nifty breaching 14,700. Extending gains for second session after Union Budget 2021, Sensex ended by 1,197 points to end at 49,797 and Nifty gained by 366 points to 14,647, amid positive global equities. Earlier today, Sensex and Nifty have hit intraday highs of 50,154 and 14,731. Sensex and Nifty have hit fresh lifetime highs of 50,184 and 14,753, on 21 January. Yesterday, benchmark indices Sensex and Nifty closed 5% higher as market participants reacted positively to the announcements by Finance Minister Nirmala Sitharaman in Union Budget 2021. BSE Sensex ended 2,314 points higher at 48,600 and NSE Nifty 50 index gained 646 points to 14,281. After Budget 2021-2022, macro data, ongoing corporate earnings season and global market performance will impact stock markets movement this week. Meanwhile, December quarterly earnings announcements by HDFC, Ajanta Pharma, Balrampur Chini Mills, Carborundum Universal, Dhampur Sugar Mills, Dixon Technologies, Escorts among others will also set the tone for the stock market today.