Union Budget 2021: Market opens in the green on Budget Day, Sensex rises over 400 points

All eyes are fixed on Finance Minister Nirmala Sitharaman as she is set to present Union Budget 2021-22 in Parliament on Monday, at a time when India is recovering from the COVID-19 crisis.

Whenever there is Budget presentation, its impact is clearly seen in the bull and bear run in stock markets. It will be interesting to see how stock markets will take the Budget 2021 and its announcements.

The BSE benchmark Sensex surged over 443 points and the NSE Nifty advanced 115 points in opening trade on Monday, ahead of the Union Budget 2021-22 presentation in Parliament.

The 30-share Sensex was trading higher by 443.06 points or 0.96 percent at 46,728.83; and the broader Nifty was up 114.85 points or 0.84 percent at 13,749.45.

On the Sensex chart, IndusInd Bank, ICICI Bank, HDFC, ONGC, Titan and HDFC Bank were prominent gainers.

Of the Sensex constituents, 16 shares were trading in the green.
On Friday, the Sensex had closed 588.59 points or 1.26 percent lower at 46,285.77, and the Nifty had settled 182.95 points or 1.32 percent down at 13,634.60.

Over the previous six sessions, the Sensex has lost 3,506.35 points or 7.04 percent, and the Nifty has shed 1,010.10 points or 6.89 percent.

Elsewhere in Asia on Monday, stock markets were in recovery mode in afternoon session, after four sessions of losses.