Markets clock best week of 2019 on budget proposals

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Markets clock best week of 2019 on budget proposals

Feb 01, 2019 20:02 IST

Indian equity indices clocked the best week of 2019 on budget proposals. The markets on Friday opened in the green with both Sensex and Nifty hovering around 0.3% to 0.4%. The overall market breadth was positive as markets held onto gains ahead of Finance Minister Piyush Goyal's speech interim budget speech. Surprisingly, markets extended gains even after the government overshot the targeted fiscal deficit gap to 3.4% from the budgeted 3.3% At its highest, Sensex surged to 550 points, while the Nifty was steady above the 10,900 mark. However, SBI's quarterly results and Moody's caution on continued fiscal slippage weighed on the markets by the end of the day. Sensex closed at 36469 while Nifty closed at 10893 points

National