February 3, 2017 8:20 PM

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Sensex rises for 3rd straight day following Union Budget

Rising for the third straight day following the Union Budget, the Sensex at the Bombay Stock Exchange closed with a marginal gain of 14 points, at 28,241. The Nifty at the National Stock Exchange added 7 points, to 8,741. More strikingly, in a stellar listing, shares of the 140-year-old BSE Ltd closed at 1,069 rupees on their first day of trading on the National Stock Exchange, a handsome premium of nearly 33% over its IPO price. In intra-day trade, BSE shares had shot up almost 49 percent. This is the first-ever listing of a stock exchange in India. And at the forex market, the rupee strengthened for the eighth consecutive day, appreciating 6 paise, to a fresh two-and-a-half month closing high of 67.31 against the dollar.

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