BSE Sensex at 2-Week High Ahead of Tax Data

India’s 30-share BSE sensex index rose 1.1 percent after earlier hitting its highest since February 29, 2012 as rising optimism about the US economy filters down to an improved outlook for earnings in India Inc.

Specifically, traders are more hopeful about the advance taxes that domestic companies are due to file by March 15, and which some believe could hint at improved corporate earnings.

But trading will remain volatile, with the RBI meeting and government budget looming large at the end of the week.

The gains in Sensex were led by Reliance Industries (RELI.NS), Infosys (INFY.NS), Housing Development Finance Corporation (HDFC.NS) and Oil and Natural Gas Corporation (ONGC.NS).