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Sensex ends flat on Budget blues

business Updated: Feb 25, 2010 16:53 IST
Sensex ends flat on Budget blues

The Bombay Stock Exchange benchmark Sensex on Thursday ended flat in a highly volatile trade even as the Economic Survey unveiled a day before the Budget was gung-ho about economic growth.

After swinging wildly during the day, the barometer index ended lower by 1.77 points at 16,254.20.

The broad-based NSE index Nifty ended up by 1.15 points at 4,859.75 after witnessing a similar volatile trade.

Marketmen said trading was choppy on the last day for settling the monthly derivatives contracts. Budget blues also weighed down on investor sentiment, they added.

Refining, FMCG, metal and auto shares suffered losses on fears that the government might raise excise taxes and curb spending in the budgetary proposals to check rising inflation.

The market was partly supported by reports that food inflation fell to 17.58 per cent for the week ended February 13.

Weak Asian trends had a mixed impact on the trading sentiment to some extent.

In the 30-BSE index-related stocks, 16 closed with losses while 14 ended with gains.