Live Market Updates: Sensex, Nifty up as FM stresses on current account deficit

Moneycontrol Bureau

Both the Sensex and Nifty have pared some gains as the Finance Minister P Chidambaram opened his Budget speech. He stressed that greater worry of the country is the current account deficit due to excessive dependence on oil, coal and gold. Chidambaram informed that the ministry will require USD 75 million to finance the CAD in FY14.
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The Sensex was up 70.76 points or 0.37% at 19223.17 while the Nifty gained 20.55 points or 0.35% at 5817.45.
Most gainers on the Sensex were Coal India, L&T and BHEL. Losers on the BSE included Maruti Suzuki, GAIL and Dr Reddy’s Lab.