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Sensex climbs 227 points in early trade, Nifty tops 7,400

The Sensex advanced over 227 points and the Nifty retook the 7,400-mark on Thursday as the post-Budget rally continued, following creation of fresh bets and a spell of foreign fund inflows.Besides, a firming trend in Asia accelerated buying.The 30-share barometer rose 227.59 points, or 0.94 per cent, to 24,470.57. The gauge had gained 1,241 points in the previous two sessions after the presentation of the Budget 2016-17.

Tata Motors, Dr Reddy’s Lab, Tata Steel, Asian Paints, Bajaj Auto, HDFC, M&M, Infosys and Wipro contributed to the upsurge.Also, the Nifty reclaimed the crucial 7,400-mark by climbing 76.60 points, or 1.03 per cent, to 7,445.45.

Source:thehindu.com

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