Markets turn highly volatile ahead of budget

February 01, 2024 09:54

Benchmark equity indices began the trade on an optimistic note on Thursday but later faced heavy volatile trends ahead of presentation of interim Budget.

The 30-share BSE Sensex climbed 248.4 points to 72,000.51 in early trade after beginning the day on a positive note. The Nifty went up by 62.65 points to 21,788.35.

Later, both the benchmark indices hit choppy waters and were trading between highs and lows.

Among the Sensex firms, Mahindra & Mahindra, Maruti, Power Grid, NTPC, IndusInd Bank and Sun Pharma were the biggest gainers.

Larsen & Toubro, Titan, Bajaj Finserv and JSW Steel were the major laggards.

Goods and Services Tax collections jumped 10.4 per cent to over Rs 1.72 lakh crore in January, reflecting buoyant economic activity and setting the stage for the next phase of GST reforms.

In Asian markets, Seoul, Shanghai and Hong Kong quoted in the green while Tokyo traded lower.

The US markets ended sharply lower on Wednesday.

The US Fed on Wednesday left its main interest rate steady and made clear it "does not expect it will be appropriate" to cut rates "until it has gained greater confidence that inflation is moving sustainably towards" its goal of 2 per cent. -- PTI

« Back to LIVE

TOP STORIES

3 Indians among crew held on Singapore ship with drugs

They are allegedly the owners of the drugs and had commissioned the trip, police commissioner-general Marthinus Hukom, head of the Indonesian National Narcotic Agency, told reporters at a press conference in Batam.

In back channel talks with China, confirms Tibetan govt-in-exile

The Tibetan government-in-exile and China are continuing to hold back-channel talks and the last round took place this month, just days before US President Joe Biden signed a legislation that seeks to press Beijing for a negotiated...

Unrest in BJP over tieup with NCP, says RSS-linked weekly

Describing the unrest among party members as just the "tip of the iceberg," the report shed light on the underlying discontent within the BJP.

Shivaji's tiger claw brought to Mumbai, to go on display in Satara

The 'wagh nakh' or tiger claw-shaped weapon used by Chhatrapati Shivaji Maharaj was brought to Mumbai from a London museum on Wednesday, state Culture Minister Sudhir Mungantiwar said.

Delhi govt must take blame for nod to fell 422 trees: SC

The Delhi government must come before the court and tell "how it will compensate for the damage caused to the environment due to its illegal acts", the bench said.