Budget 2022: Markets cheer thrust on capex; Sensex rises 848 points

From highs to lows, Sensex saw a movement of 1,294 points but managed to finish strong

Markets cheered the thrust on capital expenditure and heaved a sigh of relief at the lack of negative surprises on the tax front from the Union Budget. Shrugging off the selloff in the bond market, the equities managed to notch up nearly 1.5 per cent gain, extending its two-day up move to nearly 3 per cent. 

The benchmark indices traded more than a per cent higher ahead of the Budget speech following a rally in global markets as Fed officials tried to tone down their hawkish outlook to calm the markets.

As with every Budget day trade, the domestic markets yo-yoed, with