Sensex ends partly up
The Sensex 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 today.business Updated: Jul 02, 2009 17:38 IST
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 today.
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.