India's Finance Minister Nirmala Sitharaman is going to present the General Budget of India today. The Finance Minister can present the General Budget in the Lok Sabha today from 11 am on Saturday. The announcement of budget announcements will have a direct impact on the stock market. Besides, the Bombay Stock Exchange index Sensex opened today with a slight gain of 30 points and the National Stock Exchange Index Nifty fell by 23 points. The stock market remains almost stable in early trade. It seems to be waiting for the budget to be presented at this time. Talking about the same, the stock market 9:27 - the Sensex is trending down in early trade. The Sensex was down by 125.13 points at 40,598.36 and the Nifty was down by 52.40 points at 11,909.70. In the initial trade, out of 50 Nifty companies, 15 companies were trading on the green mark and 35 companies were trading on red mark.
Apart from these, The shares of GAIL, HINDUSTAN UNILEVER, DR. REDDY'S LABORATORIES, ITC and BPCL companies are seeing the highest gains. These stocks have the biggest decline - Among the Nifty 50 stocks in early trade, the most decline is in the shares of POWERGRID, TECH MAHINDRA, TATASTEEL, VEDANTA LIMITED, and NTPC. These are the sectoral indices in recent opening trade, out of 11 sectoral indices, 5 indices are trading on the green mark and 6 indices are trading on red mark. The biggest gainer is 0.74% in Nifty Realty and the biggest fall is 1.12% in Nifty Metals. 9: 18 - Sensex opened at 40,753.18 with an increase of 29.69 points. In addition, the Nifty is down 23.10 points to open at 11,939.00. 9:10 - Sensex gains 30 points in pre-opening session - Sensex is seeing a gain of 0.07% or 29.69 points in the pre-opening session, leading to the Sensex trending at 40,753.18.
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Talking about the decline in crude oil - on Budget 2020, this morning, on Saturday morning, the crude oil WTI was trending at $ 51.62 per barrel with a fall of 1% or $ 0.52. Brent Oil was trading at $ 55.65 an ounce, down 1.19% or 0.68%. The market closed with a fall before the budget - The stock market closed with a fall on Friday before the budget. The Bombay Stock Exchange's Sensitive Index Sensex (0.68% or 190.33 points) closed at 40,723.49 points on Friday. In addition, the National Stock Exchange's index Nifty fell 0.61% or 73.70 points to close at 11,962.10 points on Friday. On Friday, at the close of the market on Friday, the shares of 16 Nifty companies were on the green mark and 34 points were on the red mark. Speaking of sectoral indices, on Friday, 5 indices out of the total 11 sectoral indices are on the green mark and 6 indices are red. Closed on the trail. On Friday, the biggest gain was 1.19% in Nifty Realty and 2.28% in Nifty Metal.
Finance Minister Nirmala Sitharaman reaches Parliament, budget will be presented at 11 am
