Budget 2023 Market LIVE Updates: Infrastructure spending, measures to aid long-term growth, the government’s fiscal consolidation path and the borrowing calendar for fiscal 2024 are seen as key triggers for the market.
Sensex and Nifty gained momentum in morning trade on Wednesday as Finance Minister Nirmala Sitharaman presented the Budget in the Lok Sabha.
The 30-share BSE benchmark Sensex jumped 640.01 points to touch an intra-day high of 60,189.91 points. The Sensex was later trading 516.35 points or 0.87 per cent higher at 60,066.25. The broader NSE Nifty climbed 137.35 points or 0.78 per cent to 17,799.50 points.
Market analysts are keenly watching the government’s fiscal consolidation path in the Union Budget 2023-24.
An overall positive trend in the global markets also boosted investor sentiments.
From the Sensex pack, 27 stocks were trading in the positive territory while just 3 stocks were in the red.