Sensex closed 848 points higher at 58862

There was a strong rally in the stock market today on the day of budget. The Bombay Stock Exchange (BSE) Sensex closed 848 points higher at 58,862 while the National Stock Exchange's Nifty rose 237 points to 17,576. Tata Steel's stock was up 7.57%.

Pharma and banking stocks rose. Sun Pharma's stock rose 7%. In other Sensex stocks, Axis Bank, IndusInd Bank, ICICI Bank closed up 2-2%. Apart from these, UltraTech Cement, ITC, Titan, Infosys, Tech Mahindra also closed higher.

The market cap on Monday was Rs 264.45 lakh crore, which stood at Rs 267.48 lakh crore today. On the other hand, the Nifty of the National Stock Exchange closed at 17,576, up more than 236 points. It made a high of 17,622 and a low of 17,244 during the day.

Reliance, Mahindra & Mahindra, Power Grid, Airtel, Maruti and others were among the 7 stocks that fell. 323 stocks of Sensex are in upper circuit and 340 are in lower circuit. This means that in a day, these shares can neither fall nor gain more than a certain limit.