Sensex trades high on global cues, budget hopes

February 25, 2015 10:24

The benchmark BSE Sensex rose over 228 points in early trade today amid a firming global trend and hopes of a growth-oriented Budget.

Further, covering-up of short positions by speculators ahead of Thursday's monthly expiry in the derivatives segment, supported the upside.

Rising for the second straight session, the 30-share barometer spurted by 228.67 points, or 0.79 per cent, to 29,233.33.

The index had gained 29.55 points in yesterday's session.

All sectoral indices, led by oil & gas, metal, realty and banking were trading in positive zone with gains up to 1.03 per cent.

Similarly, the National Stock Exchange index Nifty was trading above the 8,800-mark by gaining 60.10 points, or 0.69 per cent, to 8,822.20.

Brokers said pre-Budget buying by optimistic participants on hopes of growth-oriented measures and foreign capital inflows mainly buoyed the trading sentiments.

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