Budget effect: Sensex hits 15K mark

NEW DELHI: The markets responded positively as the Union Budget is to be presented at 11 am on Monday. The Bombay Stock Exchange benchmark Sensex moved up to 15,000 level in the opening trade. While the wide-based National Stock Exchange index Nifty soared to 28 points higher at 4459.


The BSE Sensex was up 113 points at 15,026.While presenting the interim Budget for this year in February, Mukherjee had said: "While the proposed provisions are appropriate for a Vote-on-Account, I would like to point out that Plan expenditure for 2009-10 may have to be increased substantially at the time of the presentation of the regular Budget, if we are to give the economy the stimulus it needs to cope with the global recession that is likely to continue through the year.


"There is, in the Economic Survey presented on Thursday, enough indication that the FM might look at another source for raising funds. That's the disinvestment route.