Sensex surges 163 points ahead of Budget

February 28, 2013 09:54 am | Updated 10:04 am IST - Mumbai

The BSE benchmark Sensex rose by nearly 163 points in early trade on Thursday ahead of Union Budget 2013-14 amid a firming global trend.

The 30-share barometer gained by 162.86 points, or 0.85 per cent, to 19,315.27. The index had gained 137.27 points in the previous session after pre-Budget Economic Survey projected a promising growth outlook for 2013-14.

All the sectoral indices led by capital goods and realty, were trading in positive zone with gains up to 1.49 per cent.

Similarly, the wide-based National Stock Exchange Nifty index moved up by 49.55 points, or 0.85 per cent, to 5,846.45.

Brokers said fresh positions built-up by participants on expectations of some sops in the budget for the year 2013-14 to be announced later in the day buoyed the trading sentiment.

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