MUMBAI (Reuters) - The BSE Sensex and Nifty rose nearly 2 percent on Friday, their best single-day advance in six weeks, as blue chips rallied on hopes the government would deliver a budget that increases public investment but sticks broadly to its fiscal deficit targets.
The government's economy survey reiterated India would not overshoot its deficit target of 4.1 percent of gross domestic product in the current financial year ending March. It also stood by a medium-term target of cutting it to 3 percent of GDP.
The benchmark BSE Sensex closed 1.65 percent higher at 29,220.12, its biggest single-day gain since Jan. 20.
The broader Nifty gained 1.85 percent to 8,844.60, its best single-day gain since Jan. 15.
(Reporting by Indulal PM; Editing by Subhranshu Sahu)
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