Investor's have seen their market wealth surge by over Rs 1,50,000 crore in last two trading days, after the Finance Minister Pranab Mukherjee presented the Union Budget 2010-11 on February 26.
Total market capitalization (m-cap) of actively traded stocks on the Bombay Stock Exchange (BSE) has increased by Rs 163,722 crore to Rs 5,996,362 crore on March 2 from Rs 5,832,639 crore on February 25.
The Sensex and Nifty have risen over 3% each in last two trading days, after the finance minister offered to progressively cut budget deficit over the next three fiscal years, changed personal tax rates which will lift disposable incomes in the hand of individuals and reduced surcharge on corporate tax for domestic companies to 7.5% from 10%.
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