Sensex, Nifty were sitting in the green on Monday morning. (image: REUTERS) Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets began the day’s trade at fresh all-time highs. Sensex reached 51,326 for the first time ever while Nifty 50 was trading above 15,000. Mahindra & Mahindra was the top Sensex gainer, surging 7%, followed by SBI, Axis Bank, and ICICI Bank. NTPC and Bajaj Auto were the only two Sensex stocks in the red. Volatility was up 2,69% even though stock markets were surging higher. Broader markets followed.
To boost the pandemic-hit economy, the government of India is committed to higher capital expenditure not just in the coming fiscal year but over the next three years, principal economic advisor Sanjeev Sanyal said. He added that a sharp hike in capex in the recently announced Union Budget reflects the government’s economic strategy of rebuilding battered demand while ensuring that the supply side is expanded enough to move in tandem. The government has budgeted capital expenditure at Rs 5.45 lakh crore for FY22, which is 26.2% higher than the revised estimates of this fiscal year.
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