Mumbai: The benchmark Sensex advanced over 227 points and the NSE Nifty retook the 7,400-mark today as the post-Budget rally continued following creation of fresh bets coupled with a fresh spell of foreign fund inflows.
- The 30-share barometer rose 227.59 points, or 0.94 percent, to 24,470.57. The gauge had gained 1,241 points in the previous two sessions after the presentation of the Budget 2016-17.
- Tata Motors, Dr Reddy's Lab, Tata Steel, Asian Paints, Bajaj Auto, HDFC, M&M, Infosys and Wipro contributed to the upsurge.
- NSE Nifty reclaimed the crucial 7,400-mark by climbing 76.60 points, or 1.03 percent, to 7,445.45.
- Traders said retail investors got down to beefing up their portfolios amid renewed hopes of a rate cut by the Reserve Bank and other Asian markets offered positive cues on talk that China will unveil new economy-boosting measures, which helped improve sentiment.
- In the rest of Asia, Hong Kong's Hang Seng rose 0.12 percent while Japan's Nikkei edged up 0.89 percent in morning trade today.
- Shanghai Composite gained 0.12 percent.
- The US Dow Jones Industrial Average ended 0.20 percent higher in yesterday's trade.
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