Union Budget 2015-16: Market to remain open on February 28

Stock markets will open for regular trading hours on Saturday, February 28, when the government is due to unveil a much-anticipated budget for the fiscal year starting in April, the country's two main exchanges said on Friday.

The announcement from National Stock Exchange and BSE Ltd came after brokers had requested markets open on budget day, since trading volumes typically surge on the announcement of initiatives geared towards individual sectors.

Investors expect Finance Minister Arun Jaitley to announce a number of economic reforms in this year's budget, which will be the second since Prime Minister Narendra Modi was elected last May.

(Reuters)