Sensex rises nearly 200 points ahead of Budget

The benchmark Bombay Stock Exchange (BSE) Sensex surged over 262 points and the National Stock Exchange (NSE) Nifty regained the 8,900-mark in early trade of a special stock market session on Saturday on continued capital inflows and increased buying by retail investors ahead of Budget 2015-16 slated to be announced later in the day.

The 30-share index (Sensex)of the BSE, which zoomed 473.47 points in the previous session on the back of robust growth projections in the Economic Survey, gained 262.33 points, or 0.89 per cent, to 29,482.45.

UNION BUDGET 2015-16: Live Blog | Full Coverage

Similarly, the National Stock Exchange (NSE) index Nifty reclaimed the 8,900-mark by surging 74.65 points, or 0.84 per cent, to 8,919.25.

Brokers said continued buying by funds and retail investors on hopes of an investor-friendly and growth-oriented Budget for 2015-16 influenced trading sentiments.

All the sectoral indices, led by capital goods, realty, power and banking were trading in positive zone with gains up to 1.76 per cent.

This is probably the first time in many years that the Union Budget is being presented on a Saturday. The stock markets are generally closed on Saturdays and Sundays, except for special circumstances.

Meanwhile, the US Dow Jones Industrial Average ended 0.45 per cent lower in Friday’s trade. 

The Sensex was trading at 29,454.66, up by 234.54 points at 10:07 am. On similar lines, NSE Nifty was trading 58.15 points higher at 8,902.75.

Rules of Discussion on Sensex rises nearly 200 points ahead of Budget

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
Loading comments …