Indian benchmark indices started the session on a soft note and thereafter indices traded in a narrow range ahead of the budget. However, they staged a spectacular rally in the afternoon session on the back of broad based buying, as the Union Budget presented by the Finance Minister, Arun Jaitely was appreciated by the market participants as there was no long term capital gains tax imposed as most of the market experts had anticipated. Finally, the NSE’s 50-share broadly followed index, Nifty, surged by close to two per cent to settle above the crucial 8,700 support level; while Bombay Stock Exchange’s Sensitive Index-Sensex accumulated over four hundred points and closed above the psychological 28,100 mark. Moreover, the broader markets too participated in the rally and closed with gains of over one and half per cent.
- Category : SGX Nifty Premarket
- Previous Post : India : Post Market Data – 01-Feb-2017
- Next Post : India : Post Market Data – 02-Feb-2017
- Posted on : February 2, 2017 by SGX Nifty
Rules of Discussion on SGX Nifty
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.