DSIJ Mindshare

The corporates and common man await favourable announcements with bated breath as Finance Minister Nirmala Sitharaman indicated this Budget to be like “never before”. What is more important for the market participant is to know historically which sectors performed well post the Budget announcements. To help the market participants know exactly which sectors performed well and which lagged behind, we have done an analysis of the last 10 Budgets, which includes Interim Budget as well. We have analysed one-month performance post the Budget announcement of key sectors and the broader indices (Nifty Mid-cap, Nifty Small-cap and Nifty 500) against NSE Nifty 50 Index.

On Friday, NSE announced that it has added five new stocks in the Futures and Options (F&O) segment.

As the month of January 2021 comes to an end, we observed that among all the sectoral indices, the auto sector has managed to lead by giving positive returns of around 8 per cent from January 1, 2021 to January 29, 2021.  

On Friday, the stock of Solara Active Pharma Sciences Limited zoomed 15.6 per cent, hitting its all-time level of Rs 1,542.05.  Later, it closed in green, up by 11.24 per cent at Rs 1,485.50 from its previous close of Rs 1,335.45. In less than a year, the stock has recovered by 320 per cent from its 52-week low of Rs 366.80. In the month of January 2021, the company has delivered a return of approximately 31 per cent. 

On the final trading session of the week, the stock of Maruti Suzuki India Limited plunged by over 5 per cent. Read onto know what the technical chart of the stock indicates.