Stocks rally on hopes of pro-growth budget

Sensex ended 0.97% higher at 77,500.57, while Nifty rose 1.11% to 23,508.40 points

- Press Trust of India

MUMBAI: Benchmark Sensex jumped 741 points while Nifty rallied to close above 23,500 on Friday on heavy buying in Larsen & Toubro post its Q3 results and the Economic Survey predicting a pro-growth budget.

Rallying for the fourth day running, the 30-share BSE Sensex ended 740.76 points or 0.97% higher at 77,500.57. During the day, it jumped 846.15 points or 1.10% to 77,605.96.

The NSE Nifty rallied 258.90 points or 1.11% to 23,508.40. During the day, it climbed 297.3 points or 1.27% to 23,546.80.

India is expected to record GDP growth of 6.3-6.8% in 2025-26 on the back of strong fundamentals, calibrated fiscal consolidation and stable private consumption, said the Economic Survey tabled in Parliament on Friday.