Budget high takes Sensex to 17,000

The Sensex touched 17,000 on Wednesday as the rally, triggered by Budget 2010-11, continued for the second day. The benchmark index of the Bombay Stock Exchange gained over 227 points to close at 17,000 on sustained buying interest.

The Sensex touched 17,000 on Wednesday as the rally, triggered by Budget 2010-11, continued for the second day. The benchmark index of the Bombay Stock Exchange gained over 227 points to close at 17,000 on sustained buying interest.

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Banks both private and public were the highest gainers. Metals, real estate, auto ancillary and power sector also gained on growth expectations.

“The market is depicting strength and we expect the rally to continue on the back of FII buying,” said Avinash Gupta, assistant vice-president, research equity, Bonanza Portfolio Ltd.