Budget 2024-25: Markets turn highly volatile amid Budget presentation
PTI, Jul 23, 2024, 12:01 PM IST
Mumbai: Stock markets turned highly volatile amid the Union Budget presentation on Tuesday.
The 30-share BSE Sensex jumped as soon as Finance Minister Nirmala Sitharaman began presenting the Budget for 2024-25. But, within minutes it slipped in the red and later traded flat, down 38.17 points at 80,457.02 at 11:41 hrs.
The NSE Nifty also ticked higher as the finance minister began presentation of her 7th Union Budget in the Lok Sabha. However, volatile trends soon came in and the benchmark traded 18.25 points lower at 24,491.
The BSE benchmark had climbed 264.33 points to 80,766.41 in early trade. The Nifty went up 73.3 points to 24,582.55.
This is the first Budget during Prime Minister Narendra Modi-led government’s third term in office.
India’s economic growth continues to shine while the global economy is still in the grip of policy uncertainty, Sitharaman said.
The country’s inflation continues to be stable and is moving towards 4 per cent, and core inflation stands at 3.1 per cent.
Among the Sensex pack, Power Grid, Reliance Industries, Bajaj Finance, JSW Steel, Bharti Airtel and Bajaj Finserv were the major laggards.
ITC, Hindustan Unilever, Adani Ports and UltraTech Cement were among biggest gainers.
Foreign Institutional Investors (FIIs) bought equities worth Rs 3,444.06 crore on Monday, according to exchange data.
In Asian markets, Seoul and Tokyo traded higher while Shanghai and Hong Kong quoted lower.
The US markets ended in positive territory on Monday.
Global oil benchmark Brent crude traded marginally lower by 0.07 per cent to USD 82.34 a barrel.
Falling for the second day in a row, the BSE benchmark fell 102.57 points or 0.13 per cent to settle at 80,502.08 on Monday.
The NSE Nifty dipped 21.65 points or 0.09 per cent to 24,509.25.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
NCLT recalls order on Zee-Sony merger, allows withdrawal of scheme
SpiceJet shareholders approve Rs 3,000 cr fund raising plan
Inflation moderated but we still have distance to cover: RBI Guv Das
Assamese actor Sumi Bora to surrender amid multi-crore stock market scam probe
Sensex declines by 398 pts, Nifty ends below 25K on profit taking in Tata Motors, RIL
MUST WATCH
Latest Additions
Karnataka Women’s Commission gives Kannada film industry 15 days to come up with POSH plan
Those filled with hate not leaving any chance to defame the country: PM Modi’s veiled dig at Rahul Gandhi
Kejriwal holds one on one meeting with AAP’s PAC members to elect next Delhi CM
Jobs ready for youths in J-K holding laptops and tricolour, jail for stone pelters: Amit Shah
Udayavani.com “Nammane Krishna”: Broadcast of 6th Prize-Winning Reel
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.