Sensex up More than 150 Points in Early Trade before Budget Enthusiasts

Mumbai: The Bombay Stock Exchange's Sensex strengthened by over 150 points in early trade on Tuesday ahead of the upcoming Union Budget enthusiasts. The market gained momentum due to the strong stock of HDFC, a company with a good stake in the Sensex. The stock rose due to better HDFC quarterly results.

Initially, it fluctuated. The early trading in the 30-share Sensex was a volatility of 200 points. Later it rose by 97.09 points i.e. 0.24 percent to reach 41,252.21 points.

Similarly, the Nifty of the National Stock Exchange strengthened by 29.20 points, or 0.24 percent, to 12,148.20 points.

HDFC gained the most by 2 percent in Sensex shares. The company's profit rose nearly four-fold in the quarter ended December 2019 to reach 8,372.5 crore.

Apart from this, Hero Moto Corp, Mahindra & Mahindra, Maruti, Sun Pharma, SBI, Bajaj Auto and HDFC Bank are also doing business in profit. On the other hand, power grid, Nestle India, Bharti Airtel, Tech Mahindra, HCL Tech, NTPC and HUL saw a decline in initial business.