The stock market surged in the afternoon session on Friday, a day before Budget 2025, with the Sensex and Nifty gaining almost 1%.
While the Sensex surged over 600 points, Nifty added over 200 points, both extending their gains for the 4th consecutive day,
The S&P BSE Sensex was up 601.33 points to 77,361.14, while the NSE Nifty50 climbed 215.40 points to 23,464.90 as of 12:50 PM.
“Investor optimism is driving market sentiment, fueled by expectations of policy measures that could support economic growth. Historically, Budget day has been volatile, but data shows that Nifty has closed positively after the Budget in 12 out of the last 18 years since 2010. While initial reactions may be mixed, markets often recover if key measures align with expectations. Since volatility is expected as the Budget approaches, traders should keep their positions light and avoid risky trades. It is advisable to wait for the Budget and then make investment decisions accordingly,” he said.