The market opened in green on February 02, 2021, overall volumes in futures & options currently stand at 4,31,78,820 contracts with a turnover of Rs. 38,53,697.10 crore.

Hero MotoCorp: Hero MotoCorp sells 4.85 lakh units of motorcycles and scooters in January 2021.  Zensar Technologies: Zensar launches integrated digital XDR as a service to counter new and emerging threats.

The price action of the day formed a sizeable bullish candle, and this sizeable bullish candle surpassed the move of September 20, which was seen on the back of the corporate tax cut. On September 20, Nifty had closed with gains of 569 points while on Monday i.e. on Budget Day, it closed with gains of 647 points.

The shares of cement companies gained post Budget 2021 presentation in Lok Sabha today. 

On Monday, the financial & banking stocks turned out to be the major market movers as Sensex climbed 2,314.84 points while Nifty rose by around 5 per cent.  

The stock of IndusInd Bank Limited surged nearly 15 per cent on Monday. Read onto know more about what the option data say about the stock.

On Monday, the domestic benchmark indices recorded the biggest ‘Budget Day’ gains ever in absolute terms. Sensex surged by 5 per cent or 2,314.84 points to close at 48,600.61 levels. Nifty jumped by 4.74 per cent or by 646.60 points to settle at 14,281.20 levels.  

On Monday, India’s largest integrated power utility, Tata Power announced that it has obtained a letter of intent (LoI) from Odisha Electricity Regulatory Commission (OERC). The LoI was basically for the distribution as well as the retail supply of electricity in five circles of North-Eastern Electricity Supply Company of Odisha (NESCO), which include areas of Balasore, Bhadrak, Baripada, Jajpur & Keonjhar. 

The target of fiscal deficit has been revised to 9.5 per cent of GDP in revised estimates for FY21 compared to the budgeted level of 3.5 per cent of GDP.  

The shares of metal companies gained as a result of positive announcements in the Budget 2021, which was aimed towards uplifting the domestic steel & metals industry.