Sensex continues winning run post-budget, rallies nearly 700 pts; Nifty nears 17,800

Equity benchmark Sensex surged nearly 700 points on Wednesday to recapture the 59,000-level, as the post-Budget rally continued for the second session with intense buying in banking and financial stocks. Supportive global cues also propped up the domestic indices, traders said. The 30-share BSE Sensex closed 695.76 points or 1.18 per cent higher at 59,558.33. Likewise, the NSE Nifty jumped 203.15 points or 1.16 per cent to end at 17,780.00.