Markets give thumbs-up to Budget 2021, Sensex zooms over 1500 points
Buoyed by the Finance Minister’s announcements, Sensex and Nifty both witnessed strong positive sentiments and showed the return of ‘bull run’ at Dalal Street.
New Delhi: The stock markets have given thumbs up to the Union Budget 2021-22 presented by FM Nirmala Sitharaman.
Buoyed by the Finance Minister’s announcements, Sensex and Nifty both witnessed strong positive sentiments and showed the return of ‘bull run’ at Dalal Street.
Sensex surged by over 1,500 points while the Nifty also rallied, breaking the 14,000 mark.
The highlights of the budget are increased allocation for health, capital expenditure.
Finance Minister proposed a sharp rise in capital expenditure for the next fiscal to Rs 5.54 lakh crore, from Rs 4.39 lakh crore in the current financial year.
There has been no relief for the common man as the tax slabs remains unchanged.