Stock Market Soars to Day's High Ahead of Budget, Banking Stocks Lead Gains
Budget
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CNBC Awaaz•01-02-2026, 11:04
Stock Market Soars to Day's High Ahead of Budget, Banking Stocks Lead Gains
- •The stock market reached its day's high just before the budget announcement, with Nifty trading above 25380.
- •Bank Nifty gained over 100 points, indicating strong performance in banking stocks.
- •Market expectations of new reform measures are influencing the index's positive movement.
- •Sensex and Nifty recovered significantly from lower levels, improving by 400 and 130 points respectively.
- •While banking stocks provide support, other segments like smallcap, metal, IT, and FMCG are experiencing declines.
Why It Matters: The stock market is bullish ahead of the budget, driven by banking stocks and reform expectations.
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