Markets end in green, Sensex up by 21 points | business | Hindustan Times
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Markets end in green, Sensex up by 21 points

Markets on Monday managed to close in positive terrain after a hectic late hour selling pulled down the benchmark Sensex on the Bombay Stock Exchange from its high level recorded on fresh buying in select sectors in view of the forthcoming Budget.

business Updated: Jun 29, 2009 19:19 IST

Markets on Monday managed to close in positive terrain after a hectic late hour selling pulled down the benchmark Sensex on the Bombay Stock Exchange from its high level recorded on fresh buying in select sectors in view of the forthcoming Budget.

On alternate bouts of selling and buying, the bellwether index closed at 14,785.74, moderately up by 21.10 points or 0.14 per cent from its previous close.

The Sensex resumed higher at 14,815.90 at opening and shot up further to a day's high of 14,955.55 on persistent buying. Realty, metal, consumer durables and oil & gas counters attracted investors in veiw of the Budget which will be presented in Parliament on July 6.

However, the barometer declined afterwards to 14,685.45 on profit-taking as cautious investors booked profits at current levels.

The market cut losses at the fag-end of the day as investors took fresh position on hopes of a reform-oriented budget and hopes that New government will provide thrust on the infrastructure sector and push economic reforms to boost growth.

"In view of the budget ahead, there was interest in the stocks related with infrastructure. The construction, engineering, capital goods manufacturers showed strength. BEML ran up on account of good numbers," said Bonanza Portfolio Assistant Vice President Avinash Gupta.