Sensex gains 114 points in trade ahead of Budget

Monday, February 28th, 2011 | Filed under Business,Cities,Mumbai | Posted by Obaid

Feb 28 (PTI) Mumbai: The BSE benchmark Sensex opened over 114 points higher in opening trade today on the back of increased buying by foreign funds and retail investors ahead of Budget 2011-2012, which is slated to be announced later in the day.

The 30-share index of the Bombay Stock Exchange, which gained 68.50 points in the previous session, rose by another 114.07 points, or 0.64 per cent, to 17,814.98 in the first few minutes of trade today.

Similarly, the wide-based National Stock Exchange Nifty index moved up by 33.40 points, or 0.62 per cent, to 5,336.95.

Brokers said continued buying by funds and retail investors on expectations of an investor-friendly Budget for the year 2011-12 influenced the trading sentiment.

Capital goods, PSU, oil and gas, banking, realty and consumer durables stocks were in keen demand, accounting for most of the gains on the Sensex.

Posted by Obaid on Monday, February 28th, 2011. Filed under Business, Cities, Mumbai. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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