New Delhi, Feb 28: Investors cheered the Budget 2011-12 today pushing up the Sensex nearly 600 points before profit-booking erased gains as the BSE benchmark index closed at over 17,823, up about 122 points.
Markets welcomed the budgetary proposals to reduce surcharge on corporate tax to 5 per cent, push reforms and contain inflation, with the Bombay Stock Exchange 30-stock barometer closed with 122.49 points up, at 17,823.40.
The broad-based National Stock Exchange's Nifty also saw an upswing and moved up 29.70 points to 5,333.25, after touching the day's high of 5,477.
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