After budget boost, focus shifts to third quarter earnings, global cues

DOMESTIC equity market clocked a gain in the Budget week with benchmark indices Sensex and Nifty snapping two week of losing streak.

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According to market experts, sentiments were boosted after the government decided to strict to fiscal prudence over populous measures with large focus on capital expenditure to promote economic growth.

While the equity market was quiet on the budget day, the following day (Friday) Sensex and Nifty rose sharply with the latter peaking to an all-time high at 22126.80. For the full week, the two benchmarks gained about 1-1.50% each.