Budget 2021 Stocks in the news | Shree Cement, ICICI Bank, Tata Motors, Tech Mahindra, Cipla, DLF
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Lupin to enter Chinese market in next one year:
Mumbai-based pharmaceutical company Lupin is working towards entering the Chinese market in the next one year.
“In fact, last March, a management team was scheduled to visit China to explore prospects. This, however, could not happen due to the pandemic. We were planning to enter the market in 2021, but it got delayed due to the pandemic,” Nilesh Gupta, Managing Director of Lupin, told Business Standard.
Rs 11 Lakh Crore In M-cap Gone In Run-up To Budget 2021: What Should Be Investors’ Strategy Now?
Experts feel that the market could swing in either direction. Considering the fact that the market has seen six consecutive days of fall – a move on the upside is more likely if Budget 2021 meets…
USDINR pair continued to hover around USD 73 levels ahead of Union Budget. It has remained largely range bound despite outflows seen from domestic equities.
The dollar-rupee February contract on the NSE was at Rs 73.16 in the last session. The open interest increased by 11% for February series.
Gainers and Loser on the BSE Sensex:
Market Opens: Indian indices opened higher on February 1 with Nifty above 13,700. Finance Minister Nirmala Sitharaman will present the Union Budget today.
At 09:16 hrs IST, the Sensex was up 388.62 points or 0.84% at 46674.39, and the Nifty was up 101.90 points or 0.75% at 13736.50. About 913 shares have advanced, 347 shares declined, and 74 shares are unchanged.
Indian markets are likely to open with a positive bias on the back of weak global cues in spite of souring risk sentiment in global markets and caution ahead of the Union Budget today keeping investors nervous. US markets ended lower amid news flow regarding speculative trading and one of the Covid-19 vaccine’s effectiveness.
Union Budget 2021| What Is Union Budget, Why Is It Important & Other Basic Questions Answered
Finance Minister Nirmala Sitharaman will present the Union Budget of India on February 1, 2021.
RBI fixes sovereign gold bond issue price:
The Reserve Bank of India (RBI) has fixed the sovereign gold bond issue price at Rs 4,912 per gram. The Sovereign Gold Bond Scheme 2020-21 – Series XI will be open for subscription from February 1 to February 5, 2021, the central bank said.
Market at pre-open: Benchmark indices are trading higher in the pre-opening session ahead of Union Budget 2021 will be presented by the Finance minister Nirmala Sitharaman today.
At 09:02 IST, the Sensex was up 177.39 points or 0.38% at 46,463.16, and the Nifty was up 89.70 points or 0.66% at 13,724.30.
Asia shares try to rally:
Asian shares tried to rally on Monday as Wall Street continued to struggle with doubts about vaccine rollouts and economic recovery, while silver surged as newly empowered retail investors turned speculative eyes to precious metals.