MUMBAI: The Sensex shrugged off an early fall and rose 1.7 percent on Friday, as
investors
covered their short positions ahead of an updated budget on Monday and helped the
market to post its second consecutive weekly gain.
Rail freight and passenger fares were kept unchanged in a separate budget for the railways
presented to parliament on Friday, and the main budget is widely expected to detail plans to
further open up the economy and kick off asset sales.
Financial stocks, led by mortgage lender Housing Development Finance
Corp, rose on hopes for incentives, while infrastructure-related stocks gained in anticipation
of higher government spending.
Source:http://www.expressbuzz.com/edition/story.aspx?Title=Sensex+rises+1.7%;+budget
+awaited&artid=OeDxO3Qtf|4=&SectionID=XT7e3Zkr/lw=&MainSectionID=XT7e3Zkr/l
w=&SectionName=HFdYSiSIflu29kcfsoAfeg==&SEO=
investors
covered their short positions ahead of an updated budget on Monday and helped the
market to post its second consecutive weekly gain.
Rail freight and passenger fares were kept unchanged in a separate budget for the railways
presented to parliament on Friday, and the main budget is widely expected to detail plans to
further open up the economy and kick off asset sales.
Financial stocks, led by mortgage lender Housing Development Finance
Corp, rose on hopes for incentives, while infrastructure-related stocks gained in anticipation
of higher government spending.
Source:http://www.expressbuzz.com/edition/story.aspx?Title=Sensex+rises+1.7%;+budget
+awaited&artid=OeDxO3Qtf|4=&SectionID=XT7e3Zkr/lw=&MainSectionID=XT7e3Zkr/l
w=&SectionName=HFdYSiSIflu29kcfsoAfeg==&SEO=
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