BSE Sensex gains ahead of budget

Last Updated: Thu, Feb 28, 2013 05:32 hrs

The BSE Sensex gains 0.62 percent, while the 50-share Nifty is also up 0.57 percent.

Reliance Industries gains 0.6 percent, while Oil and Natural Gas Corp is up 1.7 percent, on hopes of a favourable federal budget.

Gains also track positive Asian shares and other risk assets as sentiment improved after U.S. Federal Reserve Chairman Ben Bernanke reaffirmed his commitment to strong stimulus.

Technology shares gain, Infosys Ltd up 0.7 percent on expectations the budget would provide incentives to exporters.

More from Sify: