The BSE Sensex eventually ended at 59,708.08, up 158.18 points or 0.27 percent.
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Even as the equity markets seemed enthusiastic about the government’s Budget measures to boost growth by pushing investments, the euphoria was shortlived. A 1,223-point rally on the Sensex during the Budget speech by Finance Minister Nirmala Sitharaman turned into a drastic fall as investors sieved through details of the announcements. An overtly optimistic Budget math triggered jitteriness among investors.
What added to the anxiety and nervousness is the massive selling rout in Adani group stocks, some of which are index heavyweights.