Markets roared back to life on Monday after six days of deep declines as Finance Minister Nirmala Sitharaman presented an expansionary Union Budget for 2021-22 which sought to pull the economy out of the pandemic-induced slump through increased spending on infrastructure, healthcare and farm sectors without resorting to higher taxation.

The 30-share BSE Sensex zoomed 2,314.84 points or 5% to finish at 48,600.61. This was its second-biggest single day jump in absolute terms and the best day in almost 10 months.

On similar lines, the broader NSE Nifty soared 646.60 points or 4.74% to finish at 14,281.20.

Finance Minister Nirmala Sitharaman presented the Union Budget in the Lok Sabha on Monday.

Live Updates: Union Budget 2021

On Friday, the BSE Sensex had plummeted over 588 points, the sixth day in a row that the equity indice ended in the red. Analysts are of the view that the continued pullback in domestic markets was mainly led by profit-booking ahead of the Union Budget and important global events.

https://public.flourish.studio/visualisation/5033730/

Foreign portfolio investors (FPIs) offloaded shares worth a net Rs 3,712.51 crore on Thursday, according to exchange data.