Nifty Hits New High of 22,126, SenseX Revisits 73,000 Levels Our Bureau Mumbai: Indian equities en- ded firm on Friday after a rol- ler-coaster tfrading session as traders cut their bearish bets on the market following the go- vernment’s announcement in the interim budget the previo- us day to cut borrowings in F¥25. The stock benchmarks rose as much as 2% earlier in the day with the Nifty hitting anall-time high but the market gaveup a portion of the gains. NSE's Nifty rose 156.35 points or(.72% to close at 21,853.80, off its all time high of 22,125.80. BSE’s Sensex rose 440.33 points or 0.61% toend at 72,085.63. The index’s Friday highof 73,089.40 was a few points below its re- cord high of 73427.59. “The short-term spike in the market could be due to short covering after the event which was the budget as a lot of ex- pectations had been bu- ilt-up for months,” said Siddhartha The yield on Khemka, VP - India's 10-Year Head of Rese- bondsendedat arch (Retail) a7-monthlow 5t Motilal Os- of7.05% on wal Financial Friday Services. “Bond yields have also coo- led down after the budget as the market saw the borro- wings under control.” The vield on India’s 10-Year bonds ended at a 7-month low of 7.05% on Friday Ehemka says that the budget has shown the government's confidence in building the eco- nomy and reaching its fiscal consolidation target rather than increased spending in an election year. “Today's gainsarea very good response to the budget even as global cues remained weak,” hesaid. Shares of state owned compa- nies were the top gainers. NBCC, SJVN, SCI, Engineers India and NHPC gained betwe- en 10% and 20% each. Nifty's Volatility Index or VIX—the market’s fear gauge- jumped 1.68% to14.7. However, it has co- me down by almost 3% in the past five trading sessions,

 

Mumbai: Indian equities en-

ded firm on Friday after a rol-

ler-coaster tfrading session as

traders cut their bearish bets

on the market following the go-

vernment’s announcement in

the interim budget the previo-

us day to cut borrowings in

F¥25. The stock benchmarks

rose as much as 2% earlier in

the day with the Nifty hitting

anall-time high but the market

gaveup a portion of the gains.