With the announcement of ‘Voluntary Vehicle Scrappage Policy’, S&P BSE Auto index witnessed a jump of 1.14 per cent. 

Nirmala Sitharaman begins her Budget speech by quoting Rabindranath Tagore’s line, “Faith is the bird that feels the light when the dawn is still dark.”  

• Finance Minister Nirmala Sitharaman begins with Budget 2021 announcements. Currently, the announcements related to Part A are being made.

The market opened in green on February 01, 2021.

The market opened in green on February 01, 2021, overall volumes in futures & options currently stand at 2,01,26,546 contracts with a turnover of Rs. 17,93,726.30 crore.

The market opened in green on February 01, 2021, overall volumes in futures & options currently stand at 2,01,26,546 contracts with a turnover of Rs. 17,93,726.30 crore.

On Monday, while some stock witnessed buzz ahead of the Budget announcement, a few remained in the red zone as investors are worried whether Budget will show any support for these.  

As expected, the markets are showing volatility with a positive bias on the Budget day after the markets corrected for five straight sessions.  

High volatility in stocks is expected on Monday as Union Budget announcements will bring euphoria to some while disappointment to others. Investors have already been focussing on stocks by remaining optimistic about Budget announcements in some sectors.  

As the market eagerly awaits the contours of Budget; the banks, especially private banks are seen outperforming the markets. On the other hand, the IT & Pharma stocks are seen underperforming the markets during the first hour of the trade.