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Investors richer by Rs 2.5 lakh crore day after Budget 2016 presentation as stock markets soar

Wed March 02 2016, 12:58 pm
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    Shares of Multi Commodity Exchange of India (MCX) rallied over 10 per cent intraday after reports that the independent commodity exchange has hiked the transaction charges for trades on its platform. (Photo: Reuters)

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    The NSE Nifty was up 235.25 points, or 3.37 per cent, at 7,222.30. "Market sentiment was boosted by the government's thrust on infrastructure sectors in the Union Budget 2016-17 and its decision to stand by the fiscal deficit target that it had set for the next fiscal," said Shreyash Devalkar, Fund Manager- Equities, BNP Paribas Mutual Fund. (Reuters)

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    FMCG major Hindustan Unilever Ltd (HUL) on Thursday said it will split its Foods and Refreshments (F&R) business into two separate units in line with its global category structure. (Reuters)

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