【woodhaven shores new kent】Sensex, Nifty gain, 10-year yields spike after budget

(Reuters) - Indian shares ended higher on Friday,woodhaven shores new kent after the government announced higher rural spending as well as tax exemptions in its last budget before the general elections due by May.

The benchmark BSE Sensex closed up 0.59 percent at 36,469.43, recording a weekly gain of 1.23 percent.

【woodhaven shores new kent】Sensex, Nifty gain, 10-year yields spike after budget


The broader NSE Nifty ended 0.58 percent higher at 10,893.65, gaining 1.05 percent for the week.

【woodhaven shores new kent】Sensex, Nifty gain, 10-year yields spike after budget


The 10-year benchmark government bond yield rose to 7.62 percent, having risen as much as 16 basis points from 7.49 percent pre-budget, while the rupee was weaker at 71.28 to the dollar, compared to the pre-budget level of 71.18.

【woodhaven shores new kent】Sensex, Nifty gain, 10-year yields spike after budget


The Nifty Auto index surged 2.7 percent with Hero MotoCorp and Maruti Suzuki Ltd rising 7.39 percent and 4.84 percent, respectively.


However, state-run lenders including State Bank of India Ltd, which reported its quarterly results earlier in the session, closed 3.15 percent lower, while Punjab National Bank declined 4.65 percent.


(Reporting by Arnab Paul in BENGALURU; Editing by Subhranshu Sahu)


View comments


Comprehensive
上一篇:Facebook warned it may lose a key seal of approval for ad measurement - WSJ
下一篇:Crude Oil Price Update – Close Over $35.79 Forms Potentially Bullish Closing Price Reversal Bottom