BSE crosses 15,000 points ahead of budget presentation
New Delhi, July 6 (ANI): Bombay Stock Exchange (BSE) crossed 15,000 points on Monday as investors built positions ahead of presentation of general budget.
Following the trends of the BSE the National Stock Exchange (NSE) also gained 14 points on the opening day.
Infrastructure stocks were in the limelight on Bombay Stock Exchange (BSE) expecting the budget would offer sops to the infrastructure sector.
BSE's Sensex was trading at 14989, higher by 76 points while National Stock Exchange's (NSE) Nifty climbed 14 points to 4435.45.
The budget is expected to allocate more to water, power, rural employment, and defense sectors. Export sector, especially the textiles and jewellery is expected to get a package from this budget. There will be more deduction for housing and taxable income levels may be raised.
Other Asian stock markets declined as commodity prices suffered. The Nikkei was down 1.44 per cent, Topix lost 0.92 per cent, Hang Seng fell 0.77 per cent and Straits Times shed 0.78 per cent. (ANI)