Union Budget 2021: Sensex Soars 2,315 Points to Close at 48,600.61

Meanwhile, the Nifty soared 646.60 points to close at 14,281.20.

Images used for representation.

(Photo edited The Quint)

After the announcement of the Union Budget 2021 by Finance Minister Nirmala Sitharaman on Monday, 1 February, Sensex rose 2,314.84 points to end at 48,600.61, while the Nifty soared 646.60 points to close at 14,281.20, reports PTI.

Ahead of the Budget, markets had opened with the Sensex at 46,687.54 and Nifty was up by 401.77 points.

ICICI Bank, up over 2 percent, was the top Sensex gainer followed by L&T, Sun Pharma and Bharti Airtel ahead of the announcement, reported PTI.

TCS, Ultratech Cement and Bajaj Finserv were among the laggards. Of 30 Sensex shares, 27 opened in the green.

Sitharaman presented the Union Budget around noon on 1 February.

The presentation of the Budget comes amid the coronavirus pandemic and its repercussions on the economy, which is facing its worst contraction since 1952.

(Catch all the live updates of Union Budget 2021 here.)

(With inputs from PTI.)