Stock market gained momentum before budget, Nifty crosses 10,700

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The time for the interim budget of the country to be presented is now a few hours left. Earlier on Thursday the Indian stock market has gained momentum. On the fourth trading day of the week, the Sensex gained over 200 points, while the Nifty gained nearly 50 points to the 10,700 level. Sensex in early morning crossed level of 35, 750 Let us tell you that on February 1, the Finance Minister Piyush Goyal will present the interim budget in Parliament.

ICICI Bank is the head of the equity in the early trade. The country's largest private sector bank - ICICI Bank, saw an increase of nearly 2 percent. Net profit in the third quarter ended December 2018 dropped by 2.7 per cent to Rs 1,604.91 crore. However, due to the increase in the provisions for the trapped loan, the bank's profits have come down. Apart from this, the gainers include Reliance, SBIIN, Axis Bank, Tata Motors, Tata Steel, ONGC, HUL, NTPC and Bharti Airtel. On the other hand, the shares traded on the red mark are HDFC, Maruti, Kotak Bank, Sun Pharma, HDFC Bank, ITC, Hero MotoCorp, HCL, Bajaj Auto.

The Sensex fluctuates in the first three days of the budget week. On Monday, the Sensex lost 368.84 points. For this reason, the Sensex closed at 35,656.70. On Tuesday, the Sensex dropped 64 points to 35,592 levels. In the last trading session, the BSE Sensex closed 1.25 points down at 35,591.25 after the opening of more than 200 points.

There is a strong increase in the rupee even before the budget. On Thursday, the rupee opened at a 70.95 level with a strong 17 paise against the dollar. However, on Wednesday, the rupee declined by one paise to 71.12.

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