Moneycontrol
Last Updated : Feb 28, 2015 03:37 PM IST | Source: Moneycontrol.com

Live Market Updates: Sensex up 200 pts, Nifty above 8900; Sun Pharma gains

Axis Bank, Sun Pharma, Tata Motors, ICICI Bank and HUL are top gainers in the Sensex.


Moneycontrol Bureau


The market finally saw a strong rebound after late buying in banks, pharma and oil stocks. The Sensex is up 204.59 points at 29424.71 and the Nifty up 77.00 points at 8921.60.  About 1202 shares have advanced, 1518 shares declined, and 215 shares are unchanged.


Axis Bank, Sun Pharma, Tata Motors, ICICI Bank and HUL are top gainers in the Sensex.


The Finance Minister said that total additional public investment over and above is planned to be Rs 1.25 lakh crore out of which Rs 70,000 crore would be capital expenditure from budgetary outlays. “We also have to take into account the drastically reduced fiscal space; uncertainties that implementation of GST will create; and the likely burden from the report of the 7th Pay Commission,” he said.


“With the economy improving, the pressure for accelerated fiscal consolidation too has decreased. In these circumstances, I will complete the journey to a fiscal deficit of 3 percent in 3 years, rather than the two years envisaged previously. Thus, for the next three years, my targets are: 3.9 percent for 2015-16.

(Posted by Nasrin Sultana)

First Published on Feb 28, 2015 03:17 pm
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