Mumbai: Equity markets opened strong on Tuesday as investors reacted positively to the announcements in Union Budget 2025. The Sensex surged over 550 points, touching an intraday high of 77,735.41, while the Nifty crossed the 23,500 mark.
IT and auto stocks led the rally, with Infosys and M&M gaining over 2% each. Among the top movers, Motherson Sumi and Bharat Electronics Ltd (BEL) saw significant gains in morning trade.
The rupee also showed signs of recovery, strengthening by 13 paise to 86.98 against the US dollar after hitting an all-time closing low last week.
Experts believe the market's positive momentum reflects optimism over the government’s pro-growth policies in the Budget, particularly in infrastructure, manufacturing, and digital sectors.
Analysts remain cautious, however, as global market trends and further policy implementations will determine the sustainability of the rally.
2025-02-04T04:53:06Z