The new SEBI limits on mutual fund investments, which take effect 1 April, also apply to bonds that can be converted into equity upon a pre-specified trigger event.
Mahindra and Mahindra (M&M) was the top gainer in the Sensex pack, soaring around 7 per cent, followed by Bajaj Finserv, Bharti Airtel, PowerGrid, Infosys and ICICI Bank.
IndusInd Bank was the top gainer in the Sensex pack, followed by PowerGrid, Dr Reddy's, Sun Pharma and NTPC. Nifty also touched an all-time high of 14,868.85 during the day.
Sensex zoomed 2,314.84 points to finish at 48,600.61 and the Nifty rose 646.60 points to have the biggest single-day gains ever for the benchmarks on Budget day.
The 30-share Sensex was trading 929.54 points or 2.01 per cent higher at 47,215.31; and the broader Nifty surged 260.05 points or 1.91 per cent at 13,894.65.
The 30-share Sensex was trading higher by 443.06 points or 0.96 per cent at 46,728.83; and the broader Nifty was up 114.85 points or 0.84 per cent at 13,749.45.
S&P BSE Sensex index has climbed in the month after the Budget only twice since Modi govt came to power, while falling or staying range-bound the other 5 times.
Foreign portfolio investors (FPIs) were net buyers in the capital market as they purchased shares worth Rs 2,289.05 crore Wednesday, as per exchange data.
According to government reply in Lok Sabha, the pilot phase of PMIS is being used to test concepts, strategies and systems before a full-scale implementation of the scheme.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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