What is leading the extended rally in Sensex? Key factors
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Synopsis
The S&P BSE Sensex index had lost over 3,500 points in the six sessions before the Budget.
Analysts expect the market to move higher.
NEW DELHI: Buying triggered by favourable budget continued on Monday on Dalal Street as benchmark indices regained all losses sustained before Budget in just two sessions, reflecting massive short-covering by bears.
Sensex had lost over 3,500 points in the six sessions before the Budget, but the massive rally on the Budget day, followed by extended gains on the next day lifted the 30-scrip index to the same level. Analysts expect the market to move higher.