The nation awaits in anticipation as the budget story for this year unfolds today. This being the last full year budget of the Modi government before end of its term, optimism is high about the Finance Minister Arun Jaitley making use of this potent opportunity and delivering a populist budget to the country, effacing the bad memories of the demonetization demon and GST gaffes.
The stock market is reflecting this optimism and Sensex and Nifty have opened on a high note, despite the fears around introduction of the long term capital gains tax.
The Sensex is currently at 36,148 and Nifty at 11077, over by 175 and 45 points respectively since yesterday and the upward trend seems to be continuing. Banking & finance sector seems to be upward bound, with HDFC, ICICI Bank and IndusInd bank leading the pack and being amongst the highest gainers on the bourses this morning. Eicher Motors and M&M are also amongst the top gainers indicating the sentiments of the agri focussed auto businesses. TCS finds place in the top gainers as well today.