Following the interim Budget, the Sensex experienced significant volatility, ultimately closing above 72,000 but marking a slide of 1,000 points from its interim high. The market exhibited a 0.6% increase, primarily propelled by key players like Reliance Industries, Infosys, and TCS.
The trading session after the budget announcement witnessed a roller coaster for the Sensex. The index opened higher on Friday, influenced by the previous day's gains in the US and positive trends in Asian markets. By mid-session, the Sensex surged over 1,400 points or 2%, surpassing the 73,000 level. However, profit-taking activities at elevated levels led to a late-session decline, resulting in a closing figure of 440 points or 0.6% higher.
On the NSE, the Nifty also experienced a parallel trajectory, reaching a new all-time high of 22,127 points during the day but ultimately closing below the 22,000 mark at 21,854 points. The Nifty recorded a gain of 156 points or 0.7% by the end of the trading day.
Ajit Mishra, representing Religare Broking, characterized the day's session as a roller coaster for participants. The leading indices displayed sharp oscillations, witnessing both highs and lows before concluding with modest gains. Despite the optimistic start with a gap-up opening, the Nifty, in particular, approached its record high but struggled to sustain that level, ultimately surrendering a substantial portion of its earlier gains by the session's close.
