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Sensex jumps over 100 pts ahead of Budget 2019
The BSE benchmark Sensex Friday jumped over 100 points ahead of the Budget presentation by Finance Minister Piyush Goyal amid heavy buying by foreign portfolio investors.
Mumbai: The BSE benchmark Sensex Friday jumped over 100 points ahead of the Budget presentation by Finance Minister Piyush Goyal amid heavy buying by foreign portfolio investors.
The 30-share index was trading 119.01 points, or 0.33 per cent, higher at 36,375.70. Similarly, the 50-share NSE Nifty rose 34.15, or 0.32 per cent, to 10,865.10.
On Thursday, the 30-share Sensex rallied 665.44 points, or 1.87 per cent, to close at 36,256.69; and the broader Nifty soared 179.15 points, or 1.68 per cent, to 10,830.95.. Top gainers in the Sensex pack include Hero MotoCorp, HCL Tech, Bharti Airtel, Bajaj Finance, Infosys, HDFC, HUL, M&M, L&T, ITC and Maruti, rising up to 2.91 per cent.
A looming election and aggressive opposition only adds to the pressure to deliver a meaningful relief package, he said; adding that, should the Budget disappoint, investors' attention is likely to revert to concerns centered around slowing growth and elections.
Meanwhile, on a net basis, foreign portfolio investors (FPIs) bought shares worth a net of Rs 3,006.41 crore Thursday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 1,634.32 crore, provisional data available with BSE showed.
Domestic market, however, will continue to be volatile ahead of the interim budget which will be announced on Friday, traders said.
On Wall Street, Dow Jones Industrial Average marginally lower at 24,999.67 on Thursday.
The rupee, meanwhile, was depreciated by 8 paise against US dollar to 71.16. (ANI)