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Sensex spurts in opening trade ahead of Budget


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

lower yesterday.

(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)