Taking Stock | Budget rally continues for second day; Nifty above 17,700; Sensex gains 695 points

Taking Stock | Budget rally continues for second day; Nifty above 17,700; Sensex gains 695 points

More than 150 stocks, including Bank of Baroda, Sun Pharma Advanced Research Company, Gravita India, and OnMobile Global hit a 52-week high on the BSE.





February 02, 2022 / 04:33 PM IST





The Budget rally continued on February 2 and the market extended the winning momentum for the third straight session. The Nifty comfortably closed above the 17,700 mark.

The market opened gap-up and remained positive throughout the session to end near the day's high level, supported by the IT, pharma, realty and financial names.

At close, the Sensex was up 695.76 points or 1.18 percent at 59,558.33, and the Nifty was up 203.20 points or 1.16 percent at 17,780.

"The domestic market continued its bull ride tracking budget cues and positive sentiments from global markets. Most sectors remained green while banking and finance stocks contributed most to the gain," said Vinod Nair, Head of Research at Geojit Financial Services.

"Global markets added its gain as strong earnings numbers helped investors digest geopolitical worries. Besides corporate numbers, investors are also awaiting the outcome of OPEC+ meeting and Eurozone inflation numbers for January," he added.

IndusInd Bank, Bajaj Finserv, HCL Technologies, Bajaj Finance and HDFC Life were the top Nifty gainers, while losers included