BSE benchmarks rise by 163 points right before the Union Budget 2013-14 was announced today on Thursday. The Sensex were higher by a considerable amount amid the stabilizing global trend.

With a spike of over 162.86 points, which is 0.85% up taking the figures to 19,315.27, the Sensex gained a total of 137 points compared to the previous session that was coinciding with the pre-Budget Economic Survey which showed that there was ample scope for growth economically in 2013-14.

All sectoral indices were higher in the positive zone being led by capital goods and realty. They were as much as 1.49% higher. Nifty was also following the same trend with the total trading up by 49.55 points, equivalent to 0.85 per cent, to 5,846.45.

Newer positions as anticipated by the participants had buoyed the trade. With the trend of the trade stabilizing in Asia while leading Wall Street by a good number, the trade got boosted further.

(AW- Anil)