Budget 2020 EXCLUSIVE: Sensex, Nifty, other indices to remain open on 1st February 2020

Stock Market News: The domestic indices will remain open on February 1, 2020  despite it being a Saturday, confirmed BSE MD & CEO Ashish Chauhan to Zee Business on Tuesday. 

Budget 2020 EXCLUSIVE: Sensex, Nifty, other indices to remain open on 1st February 2020

Stock Market News: The domestic indices will remain open on February 1, 2020  despite it being a Saturday, confirmed BSE MD & CEO Ashish Chauhan to Zee Business on Tuesday. Speaking on the day when Sensex touched record-high, Chauhan said that markets have remained open on budget day even in the past and next year, things won't be different. However, he added that it is yet to be decided if trading will happen for the entire day or not. Chauhan assured the investors that they will be given enough time to complete their trade. 

Generally, trading at Indian indices remains closed on Saturday and Sunday but on some occasions like Muhurat Trading and budget, it can be opened for trading purposes. As the Budget 2020 is falling on 1st February 2020, Dalal Street will remain open and hence the trading at Sensex, Nifty, Bank Nifty and other Indian indices.

WATCH what Ashish Chauhan has to say -

Meanwhile on Tuesday, the Indian stock market has scaled to its all-time high on account of positive global cues, The BSE Sensex shot up over 350 points in the intraday trade and hit its all-time high of 41,308.61 levels. Similarly, the Nifty-50 index tested its all-time high of 12,158.80 levels that it had made on 28th November 2019. The 50-stock index shot up over 100 points and make a high of 12,157.50 levels.

See Zee Business Live TV streaming below:

Metal, IT, Tech and Auto stocks received the maxim buying in the intraday trade. According to the stock market experts, metal and other commodity-oriented stocks will remain positive in the coming days as the US dollar has gone weak in the Forex market. Banking stocks, especially private sector banks are expected to pull the Bank Nifty index near 32,500 to 32,600 levels. Experts are of the opinion that this rise at Indian indices is due to the pro-active approach adopted by the Indian government to bring back pace in the national economy.

Written By: ZeeBiz WebTeam
Edited By: Asit Manohar
Updated: Wed, Dec 18, 2019
12:23 PM IST
New Delhi, ZeeBiz WebDesk
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