Sensex, Nifty end flat in highly volatile trade on Budget day
The Hindu
Nirmala Sitharaman’s Union Budget 2025 Presentation stirs Sensex and Nifty rally ahead, with market reactions expected to be quick and short-lived.
Benchmark indices Sensex and Nifty ended flat in a special trading session on Saturday (February 1, 2025) as investors saw little coming in from the Finance Minister Nirmala Sitharaman for retail investors and the overall markets in the Union Budget.
But, buying in consumption-related sectors after Ms. Sitharaman exempted annual income of up to ₹12 lakh from income tax and rejigged tax slabs as part of her reformist Budget prevented any major fall in the markets.
Also read: Union Budget 2025 LIVE updates
The 30-share BSE benchmark Sensex rallied 350.03 points to 77,850.60 in the late morning trade. The NSE Nifty climbed 106.15 points to 23,614.55.
The markets were open on Saturday due to the presentation of the Union Budget.
In a day market with heavy volatility, the 30-share BSE benchmark Sensex eked out a marginal gain of 5.39 points or 0.01% to settle at 77,505.96. During the day, it hit a high of 77,899.05 and a low of 77,006.47, gyrating 892.58 points.
The NSE Nifty dipped 26.25 points or 0.11% to settle at 23,482.15. Intra-day, the benchmark scaled a high of 23,632.45 and a low of 23,318.30.
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