Sensex up 13 pts, closes at 14,658
Updated on
Thursday, July 02, 2009, 17:23
IST

Mumbai, July 02: 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 on Thursday.
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.
Bureau Report