LIVE updates: The Indian markets made a firm, but volatile, start on Monday ahead of the Budget 2021, which will be presented by Finance Minister Nirmala Sitharaman in the Parliament later in the day.
Among the headline indices, the S&P BSE Sensex was trading at 46,620 levels, up 330 points. The index had risen as high as 46,778 in intra-day deals. The broader Nifty50 index hovered above the 13,700 level. IndusInd Bank rallied 7 per cent and was the top Sensex gainer, followed by ICICI Bank (up 4%). Besides, Titan, State Bank of India, and HDFC rose over 1 per cent, each.
Majority of the Nifty sectoral indices were trading with gains, led by Nifty Bank index, up 1.5 per cent. On the other hand, Nifty Pharma index slipped 1.4 per cent.