Markets share economic optimism

Sensex gains 470 points; 'moderate' Budget expectations priced in

A healthy picture of the economy painted by the Economic Survey fired up the markets on Friday, with the benchmark indices gaining the most in five weeks. The benchmark indices rallied nearly 2 per cent after the Survey said the country is on its path to hit a double-digit growth rate. Shares of companies whose prospects are closely linked to the domestic economy - such as banking, realty, power and consumer durables - gained sharply. Foreign investors poured nearly Rs 2,000 crore into the stock market after the Survey forecast GDP growth between 8.1 per cent and 8.5 per cent for the ...