Budget impact: Sensex soars over 750 pts; Nifty tops 14,500
Mumbai, Feb 2: The Sensex zoomed over 750 points and the Nifty crossed the key 14,500-level in the opening session on Tuesday, a day after the Union Budget which outlined a slew of measures to pull the economy out of the pandemic-induced slump.
The BSE gauge Sensex was trading at 49,352.27, witnessing a strong rally of 751.66 points or 1.55 per cent in opening deals.
Likewise, the NSE barometer Nifty was higher by 222.65 points or 1.56 per cent at 14,503.85 in early trade.
In the Sensex pack, all shares were trading in the green barring HUL.
Enthused over various measures announced in the Budget on Monday, the Sensex zoomed 2,314.84 points or 5 per cent to finish at 48,600.61; and the Nifty soared 646.60 points or 4.74 per cent to finish at 14,281.20 the biggest single-day gains ever for the benchmarks on Budget day.
Foreign portfolio investors (FPIs) purchased shares worth a net Rs 1,494.23 crore on Monday, according to exchange data.
Asian markets were also trading broadly higher in afternoon trade.
Economists and market analysts are of the view that this is a bold growth-oriented budget and absence of the much-feared COVID tax and the surcharges on Income Tax is a great relief.
Besides, privatisation of two nationalised banks and proposal of monetisation of assets like land are clear positives, according to them.
Market response to the budget reflects growth optimism and in brief, the government has presented a pragmatic, bold and visionary budget in these difficult times, they said.
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EC bans Cong's Randeep Surjewala from campaigning for 48 hrs over remarks on Hema Malini
New Delhi, Apr 16: The Election Commission on Tuesday barred Congress leader Randeep Surjewala from campaigning for 48 hours over his alleged derogatory remarks against BJP MP Hema Malini.
This is the first campaign ban imposed by the poll body in this Lok Sabha election cycle.
The Election Commission last Tuesday issued a show-cause notice to Surjewala for his alleged "undignified, uncivilised and vulgar" remarks against Malini.
The poll body said it has carefully gone through the contents and averments made in the reply of Surjewala.
"The commission without prejudice to any order/notice issued or to be issued subsequently to him in the matter relating to MCC violations, hereby, strongly condemns the impugned statement made by him during the election campaign held in Haryana and reprimands Randeep Surjewala for the misconduct," the poll watchdog said.
The commission, under Article 324 of the Constitution and all other powers enabling in this behalf, bars Surjewala from holding any public meetings, public processions, public rallies, road shows and interviews, public utterances in media (electronic, print, social media) etc. in connection with ongoing elections for 48 hours from 6 pm on April 16, it said.
In its notice to Surjewala, the EC had said that on careful examination, the comments were found to be "highly undignified, vulgar and uncivilised" and to be prima facie violative of the provisions of the Model Code of Conduct and the poll panel's advisory issued to parties last month.
