Equity indices surged higher on Tuesday with the benchmark BSE sensex rising nearly 1,200 points as investors gave a big thumbs-up to finance minister Nirmala Sitharaman's Union Budget proposals. The 30-share BSE sensex rose 1,197 points or 2.46 per cent to close at record peak of 49,798; while the broader NSE Nifty settled 367 points or 2.57 per cent higher at 14,648.
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