Indian Stock Markets closed on March 2, 2011

March 2, 2011 is a trading and clearing holiday for both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on account of 'Mahashivrathri'.

Indian Stock Markets had a dream on Tuesday (March 1, 2011) a day after the Union Budget for 2011-12 was presented by the Finance Minister Shri. Pranab Mukherjee in the Parliament. Indian markets were up nearly 600 points on Budget day - Monday (February 28, 2011), but it gave up all its gains and closed up by mere 122 points.

A day after the Budget for 2011-2012 was presented the BSE Sensex soared 623 points, its biggest gain in 21 months. The NSE Nifty closed higher by 189.05 points. The rally in markets were attributed to no big negative surprises in the budget. The rally was also helped by strong auto sales number for February and healthy growth in exports and core sector in January.

The rally in stock markets made investors rich by nearly Rs.1.9 lakh crores.

Source : Equity Bulls

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