Markets turn very volatile amid Budget presentation

July 23, 2024 12:00

Stock markets turned highly volatile amid the Union Budget presentation on Tuesday.

The 30-share BSE Sensex jumped as soon as Finance Minister Nirmala Sitharaman began presenting the Budget for 2024-25. But, within minutes it slipped in the red and later traded flat, down 38.17 points at 80,457.02 at 11:41 hrs.

The NSE Nifty also ticked higher as the finance minister began presentation of her 7th Union Budget in the Lok Sabha. However, volatile trends soon came in and the benchmark traded 18.25 points lower at 24,491.

The BSE benchmark had climbed 264.33 points to 80,766.41 in early trade. The Nifty went up 73.3 points to 24,582.55. This is the first Budget during Prime Minister Narendra Modi-led government's third term in office. India's economic growth continues to shine while the global economy is still in the grip of policy uncertainty, Sitharaman said.

The country's inflation continues to be stable and is moving towards 4 per cent, and core inflation stands at 3.1 per cent. Among the Sensex pack, Power Grid, Reliance Industries, Bajaj Finance, JSW Steel, Bharti Airtel and Bajaj Finserv were the major laggards. ITC, Hindustan Unilever, Adani Ports and UltraTech Cement were among biggest gainers.

« Back to LIVE

TOP STORIES

Maha portfolio: Fadnavis gets Home, Ajit, Shinde get...

Shiv Sena's Dadaji Bhuse is the new school education minister while Uday Samant continues to be the industries minister.

Govt tweaks election rule; why is ECI afraid, asks Cong

Based on the recommendation of the Election Commission (EC), the Union law ministry on Friday amended Rule 93(2)(a) of the Conduct of Election Rules, 1961, to restrict the type of "papers" or documents open to public inspection.

Character assassination: Allu Arjun on stampede row

Hours after Reddy slammed the actor for holding a roadshow and waving to the crowds at the theatre, without referring to anyone, the 'Pushpa 2' star refuted the allegations and said it was not a procession or a roadshow.

Trudeau in trouble as ally vows to 'bring him down'

The future of Canadian Prime Minister Justin Trudeau's leadership appears increasingly uncertain after New Democratic Party (NDP) leader Jagmeet Singh, a key ally, said he would introduce a motion to topple the minority Liberal...

Ferry passengers planned throwing kids into sea: CISF

A team of CISF marine commandos rescued dozens of passengers from a sinking tourist ferry off the Mumbai coast, preventing panicked parents from throwing their children into the sea. The commandos reached the accident site within minutes...