Zee Media Bureau


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New Delhi: The benchmark Sensex went from strength to strength as it rallied over 700 points as talks of a likely repo rate cut got louder after the presentation of the Budget.


The broader Nifty also reclaimed 7,200-level.


Sensex rallied over 738 points to 23,740.03 in late afternoon trade while Nifty 7,202.


Finance Minister Arun Jaitley's decision to stay on the fiscal consolidation path raised optimism of a rate reduction by RBI to spark private investment and boost growth.


Sentiment remained upbeat after the Union Budget provided a higher outlay for infrastructure and farming sectors.


Fund managers lapped up mid-cap and small-cap shares too.