The Sensex and the Nifty ended the day sharply higher ahead of the Union Budget on Saturday with infra and banking stocks powering ahead. The Sensex closed the day with gains of 460 points, while the Nifty ended the day with gains of 160 points, leading the set of gainers from the Nifty were infrastructure stocks like Tata Power and Larsen Toubro, which saw huge gains of 4-5 per cent each on hopes that there would be a boost to the infrastructure sector.
Other winners in trade were Hindalco, NTPC and Maruti. Infrastructure stocks had a solid day in trade led by GMR, which surged a huge 8 per cent, while NCC and Sadhbhav were the other gains in trade. Rolta surged in trade after reports that a Consortium of BEL and Rolta were selected as development agency for over Rs 50,000 crore BMS project by Defence.
Meanwhile, markets across Asia ended the day higher, while most of Europe was trading with gains. Analysts say that a reform oriented Union Budget could spark a sharp rally across the markets.