Sensex touches intraday high of 50,000

At the time of filing this copy, Sensex was trading at 49,826.69, up 1,226.08 points

A day after the Union Budget, the benchmark index Sensex jumped over 1,300 points in the opening session.

At the time of filing this copy, Sensex was trading at 49,990.22, up 1,389.61 points, or up 2.86% from the previous close.

Sensex reclaimed the 50,000-mark in early trade Tuesday, hitting an intraday high of 50,142.27, while the Nifty 50 touched 14,699.80.

Yesterday, Sensex skyrocketed 2,315 points, propelled by gains in financial stocks, as market participants cheered a growth-oriented Union Budget presented by Finance Minister Nirmala Sitharaman.

After touching an intra-day high of 48,764.40, the 30-share Sensex ended 2,314.84 points or 5 per cent higher at 48,600.61.

More to follow...