Sensex, Nifty closed with gains on Monday morning.
Share Bazaar News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity markets continued to rally on Monday. S&P BSE Sensex closed the day’s trade 617 points higher at 51,348 points. Nifty 50 was up 191 points at 15,115. Mahindra & Mahindra was the top Sensex gainer, surging 7.4%. This was followed by Bajaj Finserv, Infosys, and Bharti Airtel. Among the drags were, Hindustan Unilever, Kotak Mahindra Bank, and Bajaj Finance. India VIX was up 2% while broader markets moved higher. Among sectoral indices, only Nifty FMCG and Nifty PSU Bank index closed down in the red.
To boost the pandemic-hit economy, the government of India is committed to higher capital expenditure not just in the coming fiscal year but over the next three years, principal economic advisor Sanjeev Sanyal said. He added that a sharp hike in capex in the recently announced Union Budget reflects the government’s economic strategy of rebuilding battered demand while ensuring that the supply side is expanded enough to move in tandem. The government has budgeted capital expenditure at Rs 5.45 lakh crore for FY22, which is 26.2% higher than the revised estimates of this fiscal year.
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