Sensex jumps 517 points to hit 60,000 in early trade ahead of Budget

Equity benchmarks climbed in early trade on Wednesday amid an overall positive trend in the global markets and ahead of the presentation of Union Budget 2023-24.

The 30-share BSE benchmark Sensex jumped 516.97 points to 60,066.87. The broader NSE Nifty climbed 153.15 points to 17,815.30.

From the Sensex pack, ICICI Bank, Tech Mahindra, Asian Paints, Tata Steel, Kotak Mahindra Bank, HDFC, HDFC Bank, Titan and NTPC were among the major winners in early trade.

ITC, Mahindra & Mahindra, UltraTech Cement and Larsen & Toubro were the laggards.

Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong were trading higher.

Foreign Institutional Investors offloaded shares worth Rs 5,439.64 crore on Tuesday, according to exchange data.