Monday, February 28, 2011

Impact of union budget:Sensex up

Union Budget 2011-2012 appeared to be a complete game changer for the Indian markets. Stupendous rally was seen post budget with investor sentiment upbeat. However, the macro-economic concerns and soaring crude oil prices led the markets to trim gains at the close. The Sensex touched the 18000 mark and the Nifty hit 5400 levels during the day. Overall, the markets cheered the Union Budget.The Sensex surged 122 points to settle at 17823 and the Nifty closed at 5333, up by 30 points.

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