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  1. BSE Sensex ends flat; weaker Asian markets offset reform hopes

BSE Sensex ends flat; weaker Asian markets offset reform hopes

BSE Sensex ended flat on Tuesday as weaker regional shares offset optimism...

By: | New Delhi | Updated: December 30, 2014 4:12 PM
BSE Sensex, BSE Sensex opening, NSE Nifty, NSE Nifty opening

The benchmark BSE index gained 0.03 percent at 27,403.54 points, while the broader NSE index ended 0.02 higher percent at 8,248.25 points. (Reuters)

BSE Sensex ended flat on Tuesday as weaker regional shares offset optimism over additional reforms a day after the government passed an executive order to ease land-acquisition rules.

Monday’s announcement could kick-start hundreds of billions of dollars worth of stalled projects, and comes after separate orders were passed to implement coal and insurance reforms.

However, weak sentiment across the region on a sharp selloff in commodities overnight and political uncertainty in Greece left investors hesitant to take big bets.

The benchmark BSE index gained 0.03 percent at 27,403.54 points, while the broader NSE index ended 0.02 higher percent at 8,248.25 points.

Infrastructure stocks gained with Larsen and Toubro  adding 0.5 percent while Lanco Infratech  rose 4.3 percent.

However, energy firms fell as Brent crude fell to a 5-1/2 year low below $57 a barrel. Reliance Industries  closed down 1.9 percent and Oil and Natural Gas Corp  ended down 1.5 percent.

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