New Delhi: Any Union Budget, presented by whichever Finance Minister, never pleases all sections o
f the society and evokes mixed reactions. It was no different with Nirmala Sitharaman’s Budget speech on Monday.
At the stock market, however, it was all bullish as a six-day downward streak was snapped.
The BSE Sensex gained 5% (2,315 points) on the first day of February to end at 48,600.
The NSE Nifty index jumped 4.7% to a day-end mark of end at 14,281.
The total investor wealth, measured in terms of market capitalisation of BSE-listed stocks, surged by Rs 6.3 lakh crore on Monday.
It was the biggest Budget-day gain since the 1997 Union Budget, which was presented by then-Finance Minister P Chidambaram under the HD Deve Gowda-headed Central government. On that day (February 28, 1997), the stock market had surged by 6%.