Money on the markets

A maturing market amid the mayhem

Sensex jumps 475 points led by Reliance


INDIA-BUDGETAfter a relatively quiet start in the morning, the benchmark stock index rallied and closed 475 points higher even as factory output data disappointed.

There was speculation that the BJP-led alliance, perceived as market friendly, was gaining momentum in the elections.

The 5.3 percent rise in Reliance Industries, India’s top listed firm, helped the benchmark rise above 12,000 levels.

Other heavyweights like ICICI Bank (up 6.7 percent) and Infosys (up 5.5 percent) also supported the Sensex rise.