Budget 2021: Sensex Zooms By Over 2,000 Points, Govt To Introduce New Securities Market Code

Finance Minister Nirmala Sitharaman on Monday (1 February) announced that the government will launch a Securities Market Code in a bid to streamline the securities market.

The Code will include SEBI Act, Govt Securities Act and Depositories Act. All these Acts will be amended for the Code.

Presenting the Union Budget for FY21-22, the Finance Minister also announced that capital market regulator SEBI will be notified as regulator for a gold exchange.

In another major announcement for financial investors, Sitharaman said that an investors' charter will be launched which will be outline the rights of the financial investors.

The markets have lauded the Union Budget so far.

At the time of the report's publication, Sensex was trading at 48,311.62, higher by 2,025 points or 1.52 per cent from the previous close.

(The story has been published via a syndicated feed, only the headline has been changed)