Business Standard

Sensex, Nifty gain over 2 pct on budget, track Asian markets

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Reuters MUMBAI

MUMBAI (Reuters) - Indian shares rose more than 2 percent on Tuesday, tracking gains in Asian markets after China eased monetary policy and as investors were comforted after the government stuck to its fiscal deficit target for the year starting in April.

The broader Nifty gained 2.1 percent, while the benchmark Sensex also rose 2.1 percent.

Both indexes had fallen around 0.6 percent each on Monday as a sharp fall in energy stocks offset the broader optimism sparked by the union budget.

(Reporting by Manoj Rawal and Rafael Nam; Editing by Anupama Dwivedi)

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First Published: Mar 01 2016 | 10:16 AM IST

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