Share Market Closes Higher Post Economic Survey Reveal, Sensex At 77,500, Nifty Climbs Over 1%

The Indian equity benchmark indices continued to trade in the positive territory on Friday after the Finance Minister, Nirmala Sitharaman, presented the Economic Survey 2024-25 in the Parliament. In the run up to the Budget reveal, scheduled for tomorrow, the indices remained in green as investors remained hopeful of favourable monetary and development policies in the new budget.The BSE Sensex settled for the day at 77,500.57, rallying more than 700 points, while the NSE Nifty50 closed trading above the 23,500 mark, climbing over 250 points or more than 1 per cent in the session. The survey estimated Indian economy to clock a growth rate of 6.3 per cent to 6.8 per cent in the upcoming 2025-26 fiscal year (FY26).The Economic Survey also cautioned about a possible impact of any correction in the US markets on the domestic equity markets in India. The survey stated, "Elevated valuations and optimistic market sentiments in the US raise the likelihood of a meaningful market correction in 2025. Should such a correction occur, it could have a cascading effect on India, especially given the increased participation of young, relatively new retail investors. Many of these investors that have entered the market post-pandemic have never witnessed a significant and prolonged market correction. Hence, if one were to occur, its impact on sentiment and spending may be non-trivial."On the 30-share Sensex platform, Nestle, L&T, Titan, IndusInd Bank, ITC, and Maruti stood among the gainers for the day. On the other hand, the laggards in the session included ICICI Bank, Bharti Airtel, and Bajaj Finserv, among others. Nestle shares climbed 6 per cent during the intra-day trade after the FMCG major reported strong financial performance in the October-December quarter in the current fiscal year.In the broader markets, indices rallied ahead. The Nifty Microcap 250 index dominated in green and closed 1.99 per cent higher. Sectorally, the Nifty Consumer Durables index clocked the largest gains and settled 2.44 per cent higher.In Asia, Tokyo closed trading in green, while Seoul ended the session lower. The Shanghai and Hong Kong markets remained closed today due to holidays. Meanwhile, the US markets settled in the positive territory on Thursday. The global oil benchmark, Brent crude, rose 0.13 per cent to touch $76.97 per barrel. The foreign institutional investors (FIIs) dumped Indian equities worth Rs 4,582.95 crore on Thursday, official exchange data revealed.

The Indian equity benchmark indices continued to trade in the positive territory on Friday after the Finance Minister, Nirmala Sitharaman, presented the Economic Survey 2024-25 in the Parliament. In the run up to the Budget reveal, scheduled for tomorrow, the indices remained in green as investors remained hopeful of favourable monetary and development policies in the new budget. The BSE Sensex settled for the day at 77,500.

57, rallying more than 700 points, while the NSE Nifty50 closed trading above the 23,500 mark, climbing over 250 points or more than 1 per cent in the session. The survey estimated Indian economy to clock a growth rate of 6.3 per cent to 6.

8 per cent in the upcoming 2025-26 fiscal year (FY26). The Economic Survey also cautioned about a possible impact of any correction in the US markets on the domestic equity markets in India. The survey stated, "Elevated valuations and optimistic market sentiments in the US raise the likelihood of a meaningful market correction in 2025.

Should such a correction occur, it could have a cascading effect on India, especially given the increased participation of young, relatively new retail investors. Many of these investors that have entered the market post-pandemic have never witnessed a significant and prolonged market correction. Hence, if one were to occur, its impact on sentiment and spending may be non-trivial.

" On the 30-share Sensex platform, Nestle, L&T, Titan, IndusInd Bank, ITC, and Maruti stood among the gainers for the day. On the other hand, the laggards in the session included ICICI Bank, Bharti Airtel, and Bajaj Finserv, among others. Nestle shares climbed 6 per cent during the intra-day trade after the FMCG major reported strong financial performance in the October-December quarter in the current fiscal year.

In the broader markets, indices rallied ahead. The Nifty Microcap 250 index dominated in green and closed 1.99 per cent higher.

Sectorally, the Nifty Consumer Durables index clocked the largest gains and settled 2.44 per cent higher. In Asia, Tokyo closed trading in green, while Seoul ended the session lower.

The Shanghai and Hong Kong markets remained closed today due to holidays. Meanwhile, the US markets settled in the positive territory on Thursday. The global oil benchmark, Brent crude, rose 0.

13 per cent to touch $76.97 per barrel. The foreign institutional investors (FIIs) dumped Indian equities worth Rs 4,582.

95 crore on Thursday, official exchange data revealed..