Budget a mixed bag for markets; Sensex gains 213 points in volatile trade

FMCG, auto, realty sectors rally as banking stocks see correction

The benchmark indices ended with gains on Budget day, after the government took steps to boost consumer spending. However, the gains came off sharply from the day’s highs amid concerns around the fiscal math.

After rising 521 points (1.44 per cent) in intra-day trade, the Sensex ended just 213 points, or 0.6 per cent, higher at 36,778 — with stocks in the automobile, fast-moving consumer goods (FMCG), and realty sectors rallying. 

The Nifty closed at 10,894, up 0.6 per cent or 63 points, but off 100 points from the day’s high. 

Banking stocks — which account for over a fourth of the