Sensex jumps over 300 pts, Nifty above 24,850 as investors assess annual budget
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Indian equities opened modestly higher on Monday, with the Sensex and Nifty rebounding from losses in a special weekend session, as investors assessed the implications of the federal budget, which fell short of expectations for measures to attract foreign capital. The benchmark BSE Sensex rose 228 points, or 0.28%, to 80,951 in early trade, while the Nifty 50 climbed 35 points, or 0.14%, to 24,860. At around 9:50 AM, Sensex traded 345 points or 0.41% higher at 81,051, whereas Nifty50 rose 60 pts to 24,886. On the 30-stock Sensex, shares of Larsen & Toubro, Bharat Electronics, InterGlobe Aviation, Reliance Industries and Power Grid led early gains, advancing between 1% and 2%. Broader market gauges lagged the benchmarks, with small-cap stocks falling 0.8% and mid-caps down 0.4%. Shares of Hindustan Copper jumped as much as 6.5%, bucking a decline in global copper prices, as bargain-hunting emerged after the stock slid 21% over the prio...