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Mumbai: The benchmark BSE Sensex surged about 161 points to 28,401.47 in opening trade today as investors and funds widened their bets amid hopes of a rate cut by the Reserve Bank amid a firming trend in global markets.
Moreover, the rupee appreciating by another 10 paise to 67.21 against the dollar in early trade today sent out positive vibes to the stock markets.
Extending its post-Budget rally for the fourth straight day, the BSE 30-share barometer surged 160.95 points, or 0.57 per cent, to 28,401.47.
The gauge had rallied 584.56 points in the previous three sessions after the presentation of the Budget.
All sectoral indices led by oil and gas, banking and PSUs were quoting in the green, adding up to 1.02 per cent.
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