Indian equity benchmarks marked gains on the back of the better-than-expected details revealed by the finance minister in the big bang event - Union Budget 2011. However, the indices could not retain the initial euphoria set by the budget as concerns over rising crude oil prices erased most gains towards the end of the session.
The 50-share Nifty index closed at 5333.25, up 29.70 points or 0.6% over the previous close. The Sensex closed at 17823.40, up 122.49 points or 0.7% over the previous close. Anish Jhaveri from Antique Stock Broking feels that the overall tone of the budget was very honest and bullish. He said that the first three statements made by the finance minister should be considered as the milestones for this budget. First was about double digit growth, second was about resources not being a constraint and third was about India making a transition towards more transparent governance.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
