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Home Business Sensex ends flat on Budget blues

Sensex ends flat on Budget blues

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Mumbai, Feb 25 The Bombay Stock Exchange benchmark Sensex today 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.

 

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Despite the Hindutva issue failing to cut much ice during the Lok Sabha elections, senior BJP leader L K Advani has renewed his commitment to build a grand Ram Temple at Ayodhya.

"It is my cherished dream to have a 'bhavya' (grand) Ram Mandir at Ayodhya," the former Deputy Prime Minister said, addressing an election rally here last night.