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Live Market Updates: Infra, banks stocks lead on Budget day; Sensex, Nifty firm

BHEL, L&T, HDFC, ICICI Bank and SBI are top gainers while Sun Pharma, Cipla, hero, Hindalco and Maruti are among losers in the Sensex.

09:54

The News International Team

The Sensex is up 221.45 points or 0.8 percent at 29441.57 and the Nifty is up 63.65 points or 0.7 percent at 8908.25. About 1248 shares have advanced, 478 shares declined, and 145 shares are unchanged.

BHEL, L&T, HDFC, ICICI Bank and SBI are top gainers while Sun Pharma, Cipla, hero, Hindalco and Maruti are among losers in the Sensex.

Gems and jewelry stocks are in focus on hoped of import duty cut on gold. It will be positive for the stocks if the import duty is lowered from a record 10 percent in Budget 2015, to meet demand from the upcoming wedding season and Akshay Tritiya, a major festival associated with gold-buying in April.

Gold has fallen more than 7 percent from a five-month high above USD ,300 an ounce hit in January as expectations of a US rate increase hurt its appeal as an insurance against risk.

(Posted by Nasrin Sultana)

09:40

Live Market Updates: Sensex, Nifty rally, BHEL up 3%; FM arrives at Parliament

BHEL, Sesa Sterlite, HDFC, SBI and L&T are top gainers in the Sensex. Among the Bharti Airtel, Cipla, Hero MotoCorp and Hindalco.

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09:28

Live Market Updates: Sensex strong, Nifty at 8900; market awaits Budget speechRead More »

The market is still holding up gains. The Sensex is up 213.77 points or 0.7 percent at 29433.89 and the Nifty is up 55.85 points or 0.6 percent at 8900.45. About 1032 shares have advanced, 308 shares declined, and 120 shares are unchanged.

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09:00

Live Market Updates: Nifty hits 8900, Sensex up over 200 pts; SBI, BHEL gainersRead More »

All eyes are on the fiscal deficit number. FM Arun Jaitley is expected to remain committed to the path of fiscal consolidation. The government is likely to meet the fiscal deficit target of 4.1 percent in FY15 and aim for 3.6 percent in FY16. Gross market borrowings are likely to inch up to Rs 6.23 lakh crore in FY16.

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07:57

Bulls hope Budget to be game changer: Will Nifty hit 8900?Read More »

It was a super run up to the Budget as bulls seem excited ahead of FM arun Jaitley’s speech. The Sensex was up 473.47 points or 1.6 percent at 29220.12 and the Nifty ended 160.75 points or 1.8 percent at 8844.60 on Friday.

Read More »

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