Ira Singh 
The Sensex, which saw losses for four straight months and ended January low, has bounced back with a 2,100-point rise in the past four trading days, with hopes that the Union Budget will focus on growth measures, such as cutting personal income tax.
The domestic share market indices continued their upward trend for the fourth session in a row on Friday with the Nifty staying above 23,500 as buying activity spread across various sectors ahead of the Union Budget.At close, the Sensex was up 740.76 points or 0.97 percent at 77,500.57, and the Nifty was up 258.90 points or 1.11 percent at 23,508.40. About 2635 shares advanced, 1131 shares declined, and 120 shares unchanged.
Tata Consumer, Trent, Bharat Electronics, Nestle India, L&T were the top gainers on the Nifty, while losers included Bharti Airtel, ICICI Bank, Bajaj Finserv, Apollo Hospitals, JSW Steel.On the sectoral front,all the sectoral indices ended in the green with Consumer Durables, oil & gas, power, PSU, realty, FMCG up 2 percent each, while Capital Goods index up nearly 4 percent.BSE Midcap and Smallcap indices gained nearly 2 percent each, according to information.
Rupee Close:
On 31 Jan'25,the Indian rupee traded in a narrow range and depreciated 3 paise to close at 86.61 against the U.S. dollar on Friday, according to information.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying-the indices are fueled with expectations of a pro-growth budget and prudent fiscal as indicated in the economic survey. Positive global cues and better-than- expected results from major companies are also contributed to the upward trend. Market expects reductions in individual tax and job generation to boost consumption. By cutting fiscal deficit but continuing to boost infrastructure spending, the government may set the tone for a potential recovery in the consolidating market.
Market experts have recommended four shares to buy before Budget 2025 -Vascon Engineers, 3i Infotech, Ujjivan Small Finance Bank, and J&K Bank.
(Business Correspondent)
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