Markets Close in Green After 2022 Budget – Sensex Up by 848 Points, Nifty by 237

FM announced the introduction of a digital rupee using blockchain and other technology, to be issued by the RBI.

As global markets take a beating, Sensex fell by 1,222 points to
56,628.36 on Thursday, 27 January.

(Photo: PTI)

Stock markets remained in the green after the presentation of the Union Budget 2022 on Tuesday, 1 February, with Sensex trading at 58,824.37 at a rise of 1.40 percent.

Ten minutes after the budget announcement, Nifty traded at 17,585.60 at 12:40 pm.

By the time markets closed on the budget day, Sensex had surged by 848 points (1.46 per cent) to close at 58,862, while Nifty moved up by 237 points (1.37 per cent) to close at 17,576.

Paytm's parent company One 97 Communications rose 4.97 percent to 962.40 INR at 12:40 pm, while Wipro saw a rise of 1.03 percent percent to 578.50. Zomato saw a boost of 4.81 percent, and stood at Rs 94.75.

Sensex had opened at 58,672.86 while Nifty at 17,529.45 on Tuesday morning, ahead of the budget.

PEL, Marico, Britannia, Sun Pharma, and Tata Steel were the top gainers on Nifty after the budget. Hind Petro, Indian Oil Corporation, Bata India, Tata Motors, and BPCL were the top losers.

Union Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 at 11 am on Tuesday. Sitharaman announced the introduction of a digital rupee using blockchain and other technology, to be issued by the Reserve Bank of India.