Benchmark indices extended budget-day rally and opened with gains of 750 points on the Sensex. At 09:16 am, the Sensex was up 734.26 points or 1.51% at 49334.87, and the Nifty was up 220.70 points or 1.55% at 14501.90. Nifty Bank hit a fresh record high with gains of over 3 percent led by gains in HDFC Bank, ICICI Bank, SBI, Kotak Mahindra and Axis Bank among others.
On Monday, indices logged their sharpest-ever Budget day gains (point wise) as the markets lauded the various proposals announced in the Budget 2021.
In early deal, top gainers on the Nifty include Tata Motors, HDFC Bank, UPL, Larsen & Toubro and Bajaj Finance, while laggards have been Hero Motocorp and HUL.
In January, Coal India's production inched lower by 4.1 percent to 60.5 million tonne (MT). Scrip of the PSU traded higher by over 2%.
Meanwhile, Asian indices on positive global cues traded higher with Hong Kong's Hang Seng up as much as 1.75% at the time of writing this copy.