The Indian inventory markets, usually closed on weekends, will stay open for buying and selling this Saturday, February 1, when Finance Minister Nirmala Sitharaman presents the Union Price range for the eighth consecutive time.
The inventory markets typically stay open on Saturdays for particular occasions just like the Union Price range. (File)(PTI)
A round from the Nationwide Inventory Trade of India Restricted confirmed that buying and selling hours might be from 9:15 am to three:30 pm. The BSE Indices can even be calculated on February 1, 2025 (Saturday), which has been declared a particular buying and selling day as a result of Union Price range 2025-26. Common buying and selling hours will apply.
The inventory markets typically stay open on Saturdays for particular occasions just like the Union Price range. As an illustration, the markets have been open on February 1, 2020, and February 28, 2015, when the Budgets have been offered on Saturdays.
In the meantime, the benchmark Sensex surged by 741 factors, and Nifty closed above 23,500 on Friday, pushed by robust shopping for in Larsen & Toubro following its Q3 outcomes and the Financial Survey’s prediction of a pro-growth finances.
The 30-share BSE Sensex prolonged its rally for the fourth consecutive day, rising by 740.76 factors or 0.97% to shut at 77,500.57. At one level, it gained 846.15 factors or 1.10%, reaching 77,605.96.
The NSE Nifty additionally surged, including 258.90 factors or 1.11%, to shut at 23,508.40. In the course of the day, it climbed by 297.3 factors or 1.27%, reaching 23,546.80.
Among the many prime gainers within the 30-share blue-chip index, Larsen & Toubro rose 4.31% after reporting a 14% enhance in consolidated revenue after tax, totalling ₹3,359 crore for the December quarter, pushed by increased operational income.
Nestle additionally gained 4.25% after posting a 4.94% rise in internet revenue to ₹688.01 crore for the quarter ending December 31, 2024.
Different main gainers included IndusInd Financial institution, Titan, Tata Motors, Tata Metal, ITC, and Maruti.
Alternatively, ITC Resorts, Bharti Airtel, Bajaj Finserv, Bajaj Finance, and ICICI Financial institution have been among the many laggards.
In January, the BSE benchmark fell by 638.44 factors or 0.81%, whereas the Nifty dropped by 136.4 factors or 0.57%.
The Financial Survey on Friday raised issues in regards to the elevated inventory market valuations, warning that any correction within the US markets might have a ripple impact in India, the place there was a surge in participation from younger buyers post-Covid.