Budget 2022 / Stock market surge ahead of budget, Sensex rises 700 points sharply

Market Opening: The Indian stock market has welcomed the budget. On Tuesday morning, the Sensex opened up 582.85 points at 58,597.02 points. On the other hand, Nifty opened with a gain of 156.20 points at 17,496.0 points. During the trading session, the Sensex gained more than 700 points for a while and was trading at 58,750.98. Similarly Nifty was seen at 17,522.

Economic survey got a boost

Let us tell you that the Economic Survey was presented by the government in Parliament on Monday. After which the stock market got a boost and it came out of the decline going on for the last several sessions. Earlier on Monday, both Sensex and Nifty closed higher due to buying.

Sensex had climbed over 800 points

On Monday, the Sensex jumped 813 points to close 58,014.17. On the other hand, Nifty reached 17,339 with a gain of 237 points. The stock market, which has been facing a sell-off for the last several sessions, is expected to get relief from the budget.

For the first time in 10 years

This is the first time in the last 10 years that the stock market has seen a boom before the budget. If we look at the previous figures, before the general budget, there was a downward trend in the market due to the selling of foreign investors. But this time the bulls have made a comeback in the market.