Mkts excited over FM''s divestment plans, Sensex up 277 pts

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Mumbai, Feb 28 (PTI) The stock market benchmark Sensexhas surged by over 277 points mid-way through Finance MinisterPranab Mukherjee''s Budget presentation, in which he proposedto keep up the tempo of the disinvestment process and containinflation to boost the economy.

The bellwether Sensex rose by 277.32 points to 17,978.23even as Finance Minister Pranab Mukherjee made his Budgetpresentation in Parliament today.

The broad-based national Stock Exchange'' Nifty also sawan upswing and shot up by 83.65 points to 5,387.20.

The Sensex is close to breaching the 18,000 points levelpoints, driven by brisk buying in Sensex heavyweights. All the13 sectoral indices were trading in the positive terrain,barring auto.

The upsurge was led by country''s most valued firmReliance Industries which was trading at Rs 991.15, up by 2.61per cent. Smart buying also lifted the shares of mortgagelender HDFC and infrastructure giant Larsen

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