Market rose by over 64 points in
opening trade today as investors built up positions ahead of
the Union budget, which is slated to be unveiled later in the
The rupee appreciating 24 paise to 67.63 against the
dollar added to the positivity.
The 30-share BSE index, which had lost 226.50 points in
the previous two sessions, recovered 64.15 points, or 0.23
per cent, to 27,720.11.
Similarly, the NSE Nifty moved up 21.90 points, or 0.26
per cent, to 8,583.20.
Fresh positions created by retail and domestic
institutional investors on hopes of an investor-friendly
budget lifted sentiment.
Realty, PSU, oil and gas, capital goods, consumer
durables and banking stocks were lapped up, accounting for
much of the gains.
In Asian trade, Hong Kong’s Hang Seng was down 0.93 per
cent while Japan’s Nikkei edged higher by 0.25 per cent in
early trade today.
The US Dow Jones Industrial Average closed 0.54 per cent
(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)