Sensex Reclaims 40,000 Ahead Of Nirmala Sitharaman’s First Budget

0
115

The S&P BSE Sensex and NSE Nifty 50 Indexes opened higher ahead of the first full Budget of Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government after returning to power in a landslide victory in the general elections concluded on May 23. The Budget for financial year 2019-20 will be the first Budget to be presented by the country’s first full-time woman Finance Minister Nirmala Sitharaman. Market participants will closely watch Budget announcements as it will set the tone for country’s economic policies going ahead at a time when India’s economy rose at 5.8 percent, the slowest pace of growth in five years. Traders have warned for wild swings in the benchmark indexes in today’s trade and many analysts expect the NSE Nifty 50 Index to trade in the range of 11,700-12,100.

LEAVE A REPLY

Please enter your comment!
Please enter your name here