Sensex Ends Over 350 Points Higher, Extends Budget Rally To Fourth Day

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The Indian equity benchmarks recorded yet another session of hitting record highs and extended Budget-day rally to fourth session in a row on Thursday led by gains in ITC, State Bank of India, Kotak Mahindra Bank, Bajaj Finance and Mahindra & Mahindra. The Sensex rose as much as 432 points to hit record high of 50,687.51 and Nifty 50 index rose to an all-time high of 14,913.70. Since the presentation of Budget on February 1, Sensex has rallied 9.5 per cent and Nifty 50 index has climbed 9.38 per cent on government’s proposals to invest record amount in infrastructure development to revive the pandemic-hit economy.

The Sensex ended 0.71 per cent or 358.54 points higher at 50,614.29 and Nifty 50 index advanced 0.71 per cent or 106 points to settle at 14,896.

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