Budget 2012-13: Sensex extends gains as FM begins Budget speech

The BSE Sensex extended gains as the Union Budget speech started by the Finance Minister Pranab Mukherjee. Banks, capital goods, technology and metal stocks were on buyers' radar while Reliance Industries and auto (four-wheeler) stocks were under pressure.

The BSE Sensex rose 135 points to 17,811.05 and the NSE Nifty gained 45 points at 5,425.45.

The market has been rallying on the back of strong inflow of foreign money, but at the same time domestic institutional investors were net sellers in 2012 due to lack of fundamental reasons.

Investors are looking for some strong fundamental reasons to stop selling further, feels Samir Arora, Fund Manager, Helios Capital.

He said,