Financials stocks were trading in the positive zone, with the S&P BSE Finance index rising 265.76 points or 3.64% at 7573.49 at 09:48 IST.
Shares of Indigo Paints made a stellar debut on the bourses with a hefty premium over the issue price. On the NSE, the scrip listed at Rs 2,607.50, up 75% over its issue price of Rs 1,490 per share.
Sensex trades at 49992 up 1321 points. While the Nifty50 is up 384 points or 2.69% at 14672.
Budget 2021 was touted to be a once-in-a-century budget. Unfortunately, and no matter what anyone says, this budget does not rise to the occasion.
Benchmark equity indices BSE Sensex and NSE Nifty extended their gains for the second straight session on Tuesday after Finance Minister Nirmala Sitharaman presented an expansionary Union Budget for 2021-22.
Indigo Paints will debut on the bourses today after finalising the issue price at Rs 1,490 per share - the higher price band of its public offer.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 111 points at the opening bell.
The Finance Minister has let the personal income tax regime remain as is it. She has chosen stability in the tax regime over repeated tinkering with the tax structure.
With an aim to address the need of affordable housing for migrant workers, the finance minister announced tax exemption for notified affordable rental housing projects.