BSE: Sensex closes at a high note of 10, 282 points
Mumbai, Feb 27: Backed by a 'buoyant' report of the Economic Survey tabled in Parliament today on the eve of the Union Budget presentation, the 30-share BSE Sensex closed firm at 10,282, with a gain of 81 points from its Friday's close.
The markets responded positively to the reports of over eight per cent (8.1 pc) GDP growth rate expectations reported in the Economic Survey.
The survey painted a rosy picture of the economy in the present fiscal, which kept the markets in high spirits during the later half of the day as the key index touched a high of 10,296, after the survey reports came in.
The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) opened higher this morning at 10,214, compared to last close at 10,200 points.
Moreover, the equity markets were bullish on the back of robust foreign fund inflow of Rs 761 crore on Thursday.
But BSE consumer durbales index was down by 2.31 per cent, led by four per cent fall in Videocon Industries and two per cent in Titan Industries and Whirpool. Blue Star and Samtel Colour were the other losers. Other two indices losing on the BSE were healthcare and oil and gas by 0.09 per cent and 0.07 per cent, respectively.
The indices were up with good gains of 2.2 per cent on BSE IT and 1.60 per cent on BSE Teck led by good gains in index heavyweight Infosys Technologies, which gained by 3.39 per cent and Satyam Computers which was up by 1.76 per cent.
BSE bankex index too, gained by one per cent as SBI gained 1.67 per cet and HDFC Bank gained 1.90 per cent. Canara Bank also gained 2.91 per cent.
Top Sensex gainers were - Infosys, HDFC Bank, Gujarat Ambuja Cements, Satyam Computer, SBI, ITC, Maruti, TCS, Grasim Industries and Hindalco.
Top losers included - Hindustan Lever, Bharti Tele, Bajaj Auto, Ranbaxy, Reliance Industries, Tata Steel, Hero Honda and Reliance Energy.