Sensex hits over 3-month high after Jaitley unveils budget for recovery

Jaitley unveiled a budget with a range of incentives for companies and geared towards boosting infrastructure and developing the rural economy.

People walk as a telecast of Finance Minister Arun Jaitley presenting the budget is displayed inside the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters)

 Indian shares rose 1.8 percent on Wednesday after Finance Minister Arun Jaitley unveiled a budget with a range of incentives for companies and geared towards boosting infrastructure and developing the rural economy.

The broader NSE Nifty ended up 1.81 percent at 8,716.40, while the benchmark BSE Sensex closed 1.76 percent higher at 28,141.64.

Both indexes earlier hit their highest since Oct. 25, 2016.