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Budget Day: Sensex Declines 106.81 Points; Nifty Dips 28.25 Points To 21,697.45
Share Market LIVE Union Budget 2024: The share market will be impacted by many factors. Read on to get the latest and live updates.
Latest Updates
Budget Impact On Share Market | Live Updates: Market Closing
Sensex declines 106.81 points to settle at 71,645.30; Nifty dips 28.25 points to 21,697.45.
Union Budget On Share Market LIVE | Sensex, Nifty Declines After Budget
Indian stock market numbers, like BSE Sensex and Nifty50, had small decreases after Nirmala Sithraman shared her government's last Budget before the 2024 elections.
Sensex stayed close to the same level, just 0.01 percent higher at 71,783.74, while Nifty50 had a slight drop of 0.07 percent, trading at 21,751.60.
Union Budget 2024 | LIVE Updates: Crude Oil Prices
The prices of oil went up a little bit after China, the world's top crude importer, showed signs of slow industrial growth and there was an unexpected increase in crude oil inventories in the United States. On Thursday, Brent oil futures stayed almost the same at $81.06 per barrel, and WTI oil futures also remained stable at $76.34 per barrel.
Union Budget On Share Market LIVE: Insurance Companies Shares' Inches Higher
On Thursday, shares of insurance companies went up because they reported strong earnings for the third quarter. SBI Life rose by 3 percent, reaching 1444.40, HDFC Life increased by 1.81 percent, reaching 587.80, and ICICI Lombard stocks saw an almost 1 percent increase, reaching 1510.00.
Stock Markets LIVE Budget 2024: Railway Stocks
Stocks of companies related to railways were trading in the positive territory on Thursday morning ahead of the presentation of the interim Budget.
Budget Impact On Share Market | Live: Markets Turn Highly Volatile
Stock markets started the day in a hopeful mood on Thursday but soon experienced unpredictable ups and downs before the presentation of the interim Budget. The BSE Sensex, which represents 30 major stocks, rose by 248.4 points to reach 72,000.51 initially. Similarly, the Nifty, another key index, increased by 62.65 points, reaching 21,788.35.
Stock Markets LIVE Budget 2024: Market In Green
Markets are in the green before the Interim Budget 2024 with the Sensex up more than 200 points. Sensex is trading at 72,025.83 points up by 273.72 points. Shares of Powergrid are up by more than 4 percent, Maruti by 4 percent, NTPC by 2 percent.
Live Updates | Budget Impact On Share Market: Market Condition
Today, some companies are inches high in the early trade of the stock market. Godrej Consumer and Maruti Suzuki are among the gainers. On the other hand, Aurobindo Pharma, Glenmark, and India Cements's shares dropped. The biggest winner of the day is Godrej Consumers, whose shares went up by 11.22 percent to 1294.50.
Union Budget on Share Market LIVE: Rupee vs Dollar
The Indian rupee strengthened by 9 paise against the US dollar, reaching 82.95. This happened just before Finance Minister Nirmala Sitharaman presented the Interim Budget at 11 am. The dollar index, which measures the US dollar against other currencies, is up by 0.24% and is currently at 103.52.
Share market LIVE Budget 2024: Rupee vs Dollar
The rupee rises 2 paise to 83.02 against the US dollar ahead of the interim Budget.
Stock Markets LIVE Budget 2024: Sensex And Nifty Open Higher
Sensex climbs 248.4 points to 72,000.51 in early trade ahead of interim Budget; Nifty up 62.65 points to 21,788.35.
Budget Impact On Share Market | Live Updates: Key Factors That May Affect Market
The government's decision on how to use its money is important and can affect many things. In this year's interim budget, money will likely go to important government activities, ongoing plans, and urgent needs. When the government spends more money, it usually leads to more jobs and people buying things, which is good for the economy.
Budget Impact On Share Market | Live: Trends In 2020
On February 1, Finance Minister Nirmala Sitharaman shared the Union Budget. She suggested new ways to calculate income tax with lower rates. After this news, the stock market experienced a big drop. The BSE Sensex fell by 987.96 points and ended at 39,735.53. The NSE Nifty 50 went down by 300.25 points and closed at 11,661.85.
Stock Markets LIVE Budget 2024: Trends In 2021
On February 1, 2021, Finance Minister Nirmala Sitharaman shared the Budget, trying to boost our economy that was severely affected by the pandemic. After the Budget announcement, the BSE Sensex, which shows how the stock market is doing, went up by a big 2314.84 points and closed at 48,600.61. The NSE Nifty 50, another indicator of the stock market, went up by 646.60 points and ended at 14,281.20.
Stock Markets LIVE Budget 2024: Trends In 2022
In the Union Budget for 2022, Finance Minister Nirmala Sitharaman mentioned that it will set the stage for the country's economic growth. India, being the third-largest economy in Asia, is recovering from the impact of the pandemic. After the budget announcement, the BSE Sensex, which measures the stock market, went up by 849.40 points to 58,862.57, and the NSE Nifty increased by 237 points to 17,576.85.
Budget Impact On Stock Market | Live: How Sensex And Nifty Responded To Union Budget 2023
On February 1, 2023, Finance Minister Nirmala Sitharaman shared the Budget. She talked about wanting to make sure our country's money is in good shape and our financial system is strong for everyone's benefit. After the Budget announcement, the stock market had a lot of ups and downs. The BSE Sensex, a measure of the stock market, went up a lot during the day but settled down a bit by the end. It closed with the BSE Sensex going up by 158.18 points to 59,708.08, and the Nifty 50 going down by 45.85 points to 17,616.30.
Union Budget On Share Market LIVE: Stock Market Trends On Budget Day Over 10 Years
The Union Budget is like a big announcement about how the country plans to spend and manage its money. It tells us about new ideas and important money changes. This is not just about the government, it also shows us how well the country is doing financially. This announcement can affect the stock markets, which is where people buy and sell shares of companies. To make good decisions on the day of the budget, it's helpful to look at how things have been going in the last 10 years. This can give investors a better idea of what might happen and help them make smart choices with their money.
New Delhi: As we start the new year, everyone is paying attention to the interim budget, and it's important to understand how it affects the stock market. Let's break down this important topic, especially focusing on this year's interim budget.
Check Budget 2024 Impact On Share Market LIVE Updates:
The share market will be impacted by many factors including where the government decides to spend its money.
In this year's interim budget, you can expect funds to go to important government operations, ongoing projects, and urgent needs. When the government increases spending, it usually leads to more jobs and people spending money, which is good news for the stock market.
As we go through this year's interim budget, it becomes interesting to see how government decisions influence the stock market. For clear and easy-to-understand insights on the Union Budget, make sure to stay updated with the live blog.
However, it's normal for the markets to be a bit unpredictable during the Budget period. In the past, on Budget Day, we've seen the markets going up and down a bit.