Stock market closes higher a day before Union Budget
Stock market closed higher on Friday, a day before the announcement of Budget, for the fourth consecutive session.
The key Indian equity indices opened on a negative note on Monday, with the BSE Sensex losing over 300 points.
The Nifty50 on the National Stock Exchange was also down over 100 points, continuing the bearish trend after the government tweaked the tax on “super rich” adversely impacting the foreign portfolio investors.
Advertisement
At 9.52 a.m., the Sensex traded at 38,021.18 points, lower by 315.83 points or 0.82 per cent from the previous close of 38,337.01
Advertisement
It has so far touched an intra-day high 38,333.52 and a low 37,926.54 points.
The Nifty50 traded lower by 94 points or 0.82 per cent at 11,325.25 points.
Advertisement
