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Markets Back at Pre-Budget Levels as Sensex Soars 371 Points

Sensex gained 345.77 points to close at 41,135.15, while Nifty finished trading at 12,090.25, down 110.60 points.

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Equity markets witnessed another day of significant gains as benchmark indices managed to regain the pre-budget levels.

30-share BSE Sensex gained 345.77 points to close at 41,135.15, while the broader 50-share NSE Nifty finished trading at 12,090.25, down 110.60 points.

The bourses had tanked on 1 February, after the Budget, with Sensex crashing more than 900 points. However, in three successive sessions, the indices made up for the lost ground.

On Wednesday, all the sectoral sub-indices finished in the green with metal and finance sector stocks gaining the most.

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Tata Steel, Bharti Airtel, TCS and HDFC stocks were among the top gainers.

According to analysts, markets were trading in the positive territory on the back of encouraging data points related to the domestic economy.

Other factors like substantial fall in crude prices, a rise in Indian rupee and positive Asian markets also helped the market move higher, they added.

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

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Topics:  Sensex   Nifty   BSE Sensex 

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