Budget 2022: HFCL soars by nearly 7 per cent ; Sensex up by more than 1000 points!

The bulls seem to be dominating the market on the budget day with the advance decline ratio clearly in the favour of the advances and 149 stocks making a fresh 52 week high.  

HFCL, is one stocks that seems to be outperforming the rising Sensex on the Budget Day. HFCL is up by nearly 7 per cent and is seen reacting positively to the announcement made by the Honorable Finance Minister i.e “Contracts for laying optical fibre in villages to be awarded under BharatNet project under PPP in 2022-23” 

The focus clearly is on the infrastructure sector and emphasis is on rural development as expected with the aim of making telecom services and broadband services affordable in the rural areas. The BSE Sensex opened Gap up and is seen building on its gains as the more announcements are made.  

Sun Pharma is the top BSE Sensex gainer on Tuesday while SBI is the top BSE Sensex loser.  

The broader markets are seen underperforming the benchmark indices while BSE Bankex and BSE Power Index along with BSE IT index are seen outperforming the markets