Sensex ends with a gain of 13.02 pts

Agencies

Posted: Thursday, Jul 02, 2009 at 1715 hrs IST
Updated: Thursday, Jul 02, 2009 at 1715 hrs IST


Font Size

Print

Feedback

Email

Discuss

Mumbai: The Bombay Stock Exchange benchmark Sensex on Thursday ended moderately up by 13 points, partly on government plans to invest more in infrastructure and positive recommendations in the Economic Survey, tabled in Parliament on Thursday.

The Sensex, which shuttled between 14,764.35 and 14,469.69, ended with a gain of 13.02 points at 14,658.49 as realty and metal stocks rose on government plans to pump in more money to improve infrastructure, while auto stocks fell on hikes in petrol and diesel prices.

In a similar fashion, the 50-share National Stock Exchange index Nifty closed 7.95 points higher at 4,348.85, after touching the day's high of 4,383.65 and a low of 4,288.75 points.

Brokers said investors adopted a cautious approach to the market and waited for the general Budget on Monday.

The hike in fuel prices spoiled the party in the automobile sector as leading car and truck makers closed lower despite their better quarterly financial performances.

The Economic Survey recommended phasing out all forms cess and surcharges on taxes, securities transaction tax, and fringe benefit tax, and introducing an income-tax code.

A weak opening in European markets also weighed on the bourses.

The metal sector index gained the most, 3.26 per cent, to 11,243.85, followed by PSUs, 1.95 per cent, to 8,156.03.

The realty sector index rose 1.55 per cent to 3,395.18, healthcare 0.84 per cent to 3,590.24, consumer durables 0.44 per cent to 2,966.79, oil and gas 0.12 per cent to 9,506.02 and power 0.28 per cent by 2,877.19.

However, the capital goods index fell 1.01 per cent to 12,770.31, auto 0.91 per cent to 4,573.98, banks 0.52 per cent to 8,278.07, teck 0.58 per cent to 2,628.73 and FMCG 0.08 per cent to 2,280.54.

More from Markets

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)
Name
Message
Email ID
Subject
TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Comments
Flowers & Cakes DeliveryExpress Classifieds
Post and view free classifieds ad
Express Astrology
Know what's in the stars for you