This week is very important for the Indian stock market. Actually, the country's general budget is going to be presented on Saturday (February 1) this week. Before this budget, the stock market is seen to fluctuate. After the first two trading days, the stock market started on a strong note on Wednesday.
In the early trade, the SENSEX became strong by 250 points, while the Nifty also recorded a gain of over 70 points. During this time the SENSEX has crossed the 41 thousand 200 mark. On the other hand, if you talk about Nifty, then it was seen trading beyond the 12 thousand 150 mark. Tata Steel, Infosys, L&T, Maruti and Mahindra were the top gainers in the initial trade. While shares of TCS and HDFC were seen trading on the red mark.
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Sensex Drops 645 Points in Two Days
On the first two trading days of the Budget week – Monday and Tuesday, the stock market recorded a big decline. The Sensex has fallen 645 points in these two days, while the Nifty has fallen by about 194 points. On Monday, the Sensex fell by 458.07 points to 41,155.12 and the Nifty closed down 129.25 points at 12,119.00. On Tuesday, the Sensex fell 188 points and closed at 40 thousand 966 points below 41 thousand. Talking about the Nifty, it dropped 63.20 points to 12,055.80 points. Explain that the rapid spread of Corona virus and the possibility of its global economic impact has affected the perception of investors.
On Tuesday, Sensex HDFC (1.53 percent), Bajaj Finance (1.14 per cent), Sun Pharma (0.96 per cent), HDFC Bank (0.82 per cent) and TCS (0.71 percent) were the top gainers. The Sensex's falling stocks included Bharti Airtel (4.55 percent), Tata Steel (3.49 percent), Reliance (2.34 percent), Maruti (2.05 percent) and ITC (1.66 percent).
