Budgetary impact on the stock market Nifty Bank takes off Pharmaceutical index in red mark ICICI Bank rises

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Finance Minister Nirmala Sitharaman’s budget has cheered the stock market. Sensex has registered a jump of more than 1200 points due to the purchase by investors. If we talk about the sectoral index, Nifty Bank is the one that has risen the most. There is an increase of more than 3 percent on this. At the same time, the Nifty Pharma index is under pressure and is in the red mark.

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Except Nifty Pharma and Oil and Gas, Nifty Auto, Nifty FMCG, IT, Media, Metal, PUC Bank, Realty are booming. The maximum jump is visible at Nifty Private Bank. Nifty Private Bank is up 3.16 percent.

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The shares of the 10 banks included in the Nifty Private Bank index are in green. ICICI Bank is up 4.47 percent. HDFC Bank also has a jump of 3.29 percent. There is an increase of 2.91 percent at IndusInd Bank and 2.82 percent at Kotak Bank. Axis Bank has raised 2.36 commissions. At the same time, IDFC First Bank, RBL Bank, Bandhan Bank and Federal Bank have gained more than one percent.

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