Markets surge ahead of Budget 2015-16; Sensex up 250 points

Markets witnessed a surge ahead of the presentation of the Union Budget 2015-16 as the Sensex shot up 250 points to reach 29,476. The Nifty too was up 70 points at 8,916.

A day before the presentation of the Union Budget, the Sensex at the Bombay Stock Exchange had shot up 473 points to close at 29,220.

The Nifty at the National Stock Exchange also surged 161 points, or 1.9 percent, to 8,845 on Friday.

Finance Minister Arun Jaitley is going to present his first full-year Budget in Parliament at 11 am today as he seeks to put the country on a path of 7-8 percent growth over the next two years.