Nifty ends Budget week 2.35% higher after falling for two straight weeks

Mumbai: The Nifty ended the Budget week higher (2.35 per cent) after falling for two straight weeks, said Deepak Jasani, Head of Retail Research at HDFC Securities.

Nifty ended on a positive note though off the intra-day high in a volatile session post the Budget Day on Friday. At close, Nifty was up 156.30 points or 0.72 per cent at 21,853.80, while Sensex was up 440.33 points or 0.61 per cent at 72,085.63, .

Cash market volumes on the NSE rose to Rs 1.45 lakh crore. The Smallcap index rose less than the Nifty even as the advance decline ratio rose to 1.17:1, he said.

Global shares mostly rose on Friday, helped by optimism about technology shares following a Wall Street rally led by big tech stocks.

However, China shares fell to fresh five-year lows on Friday and posted their worst weekly drop in five years (down 6.2 per cent) despite late-session signs of state support.

Investors look forward to a US jobs report due later in the day, expected to show further cooling in the labour market in a boost for hopes of interest-rate cuts, he said. (IANS)

Also Read: Nifty registers sharp recovery after Tuesday’s sharp fall

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