Rudra Investment: Good Bullion Before Budget, Vedanta Breaks 18%

In the opening day Report Of Rudra Investment Expert of the week Before the presentation of the budget, the domestic stock market got good growth. Today the eyes of the market will be on the pitcher of finance minister Piyush Goyal. It is believed to be the Brahma shall of the government before the 2019 elections.

There are many such announcements expected in the budget, which can strengthen the stock market. If the government finishes LTCG tax then the market will be bigger.

At 9.30 am, the BSE Sensex was trading at a level of 36,378 with a gain of 121 points or 0.33 percent. On the other hand, the Nifty 50 index gained 29 points or 0.27 percent to record at 10,860 level.

On Thursday, the US stock market had a mixed trend. Davo Jones fell 0.06 percent, while the S & P 500 index jumped 0.86 percent. Nasdaq composites finished the session with 1.37% increase.

The BSE Midcap and Smallcap Index gained half a percent growth. Despite the market boom, most sectors were trading with weakness. The metal index showed the weakness of up to 5 percent. Basic material index weakened by 2 percent.

According to Rudra Investment, expert Hero MotoCorp's share of the BSE Sensex rose by 3.06 percent to Rs 2,691.95. Bharti Airtel's shares rose by 2.10 percent to Rs 313.60. HCL Technologies, Bajaj Finance, HDFC shares rose 2.02 percent, 1.45 percent, and 1.26 percent, respectively.

On the other hand, Vedanta's stock jumped up to 18.99 percent and plunged to Rs 160. ONGC's stock plummeted by 1.20 percent to Rs 140 level Power Grid, Tata Steel and Sun Pharma's shares plummet 0.98%, 0.96%, and 0.89% respectively.

Today many companies including State Bank of India, Titan Company, Dr. Reddy's Labs, Dredging Corporation, Equitas Holdings, CIC Housing Finance, BSE, Thomas Cook, Monsanto India, and EID Parry will announce their December quarter results.