Sensex rallies almost 1200 factors, a day after logging report positive factors on Budget Day

New Delhi: Bull run continued on the bourses, a day after the Budget Day. The momentum continued for the second straight session on Tuesday, because the BSE reclaimed the 50,000 mark and NSE Nifty clawed again to above 14,700 mark.
Overall, the important thing fairness indices moved up by 2.5 per cent on Tuesday.
Investors had been relieved that the federal government stayed away from making any change in private and company tax, and there was no levy of wealth tax, super-rich tax or Covid cess which was broadly feared.
The BSE S&P Sensex breached 50,000 mark for second day and eventually closed the day 1,197 factors or 2.46 per cent increased at 49,798 whereas the Nifty 50 edged increased by 367 factors or 2.57 per cent to 14,648.
All sectoral indices on the National Stock Exchange had been within the optimistic zone with Nifty auto ticking up by 4 per cent, PSU financial institution by 3.4 per cent, non-public financial institution by 3 per cent, realty by 3.8 per cent and pharma by 2.1 per cent.

Tata Motors jumped 17% to Rs 326.95 per share after the corporate reported 94 per cent year-on-year progress in home passenger automobiles gross sales at 26,978 models throughout January.
The different main gainers had been State Bank of India, HDFC Bank, Larsen & Toubro, Hindalco, UPL and Bharat Petroleum Corporation.
However, these which misplaced had been HDFC Life, SBI Life, Bajaj Finserv, Hero MotoCorp, Titan, Hindustan Lever and Britannia.
Meanwhile, Asian inventory markets prolonged positive factors on elevated optimism about stimulus packages and international financial restoration.