Live Market Updates: Market gears up for Budget, BSE Sensex up 109 points

Moneycontrol Bureau

The market is gearing up for the Union Budget 2013. The Sensex was up 108.24 points or 0.57% at 19260.65 whilethe Nifty gaines 31.45 points or 0.54% at 5828.35.

Raamdeo Agrawal of Motilal Oswal feels that the finance minister is going to grapple with the weak rupee or external sector imbalance. "I think that is going to be the thrust of Budget and we will see what all proposals are going to come which will tackle this particular problem, That is the fear going on about CTT and there will be a lot of relief rally if it is not there in the Budget," he says in an interview to CNBC-TV18.

Meanwhile top gainers on the Sensex were Coal India, Tata Motors, L&T and BHEL. Losers on the BSE included Maruti Suzuki, GAIL and Dr Reddy's Lab.

Get full Budget coverage: http://www.moneycontrol.com/budget2013/

Country's largest car maker Maruti Suzuki India moved down 1 percent on Thursday as index provider MSCI will remove the stock from its MSCI India index.

Gujarat Fluorochemicals dropped nearly 4 percent on Thursday as the stock will stop trading in derivatives segment after February expiry.