Sensex soars over 347 points to regain 28,000-mark on Budget proposals

Sensex soars over 347 points to regain 28,000-mark on Budget proposals
Sensex soars over 347 points to regain 28,000-mark on Budget proposals

New Delhi: Buoyed by a positive budgetary announcements, coupled with a strong rupee the benchmark BSE Sensex soared over 347 points on regain the crucial 28,000-mark on Wednesday with the Nifty gaining 92 points.

The rise in the market were helped mainly by shares of PSU banks that rose by as much as 4 percent as the government announced infusion of Rs 10,000 crore in public sector banks in the next fiscal.

Union Bank of India jumped 4.34 per cent, Bank of Baroda rose 3.27 per cent, SBI went up 3.13 per cent and PNB gained 3.12 per cent on BSE.

Among others, shares of Syndicate Bank gained 2.31 per cent and Bank of India rose 2.25 per cent.

The government will infuse Rs 10,000 crore in public sector banks in the next fiscal and more will be provided if required, Finance Minister Arun Jaitley said.

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