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Sensex's Biggest Single Day gain in 7 Years!
By: Tupaki Desk | 1 March 2016 1:52 PM GMT
Just a day after Union Budget 2016 was presented, BSE Sensex on Tuesday biggest single day gain in 7 Years due to the hope that Reserve Bank of India would opt for a rate cut. Even the decision of Central Government to keep the deficit at 3.5 of GDP in financial year 2016-17 boosted the stocks.
Sensex gained 777.35 points to finish at 23,779.35. Where as, Nifty ends the day at 7,222.30 by gaining 235.25 points.
On Monday when the Union Budget 2016 was presented in Parliament, BSE Sensex closed at 152.30 points low due to the higher taxation on dividend.
The rupee strengthened by 47 paise to close the day at 67.95 against US Currency.
Mostly, Stocks related to IT, Auto, Banking, Capital Goods, Real Estate and Technology got benefitted.
Sensex gained 777.35 points to finish at 23,779.35. Where as, Nifty ends the day at 7,222.30 by gaining 235.25 points.
On Monday when the Union Budget 2016 was presented in Parliament, BSE Sensex closed at 152.30 points low due to the higher taxation on dividend.
The rupee strengthened by 47 paise to close the day at 67.95 against US Currency.
Mostly, Stocks related to IT, Auto, Banking, Capital Goods, Real Estate and Technology got benefitted.
