MARKET SUMMARY
Key benchmark ended higher after a volatile session following budget expectations. After opened on a negative note on weak global cues, market remained sluggish for around a couple of hours as investors treaded a cautious path. The market surged in early afternoon trade after the Rail Minster began her speech on rail budget. The Nifty crossed the 4400 mark successfully while the Sensex inched towards the 15,000 mark. Railway Minister Ms Mamta Banerjee announced a number of new initiatives in the 2009-2010 Rail Budget including a plan to improve infrastructure facilities across a large number of railway stations. The Economic Survey and the Railway Budget have been mostly positive, hence market players then optimistic over the forthcoming Budget. Finally the Sensex ended the day with a gain of 254.56 points, or 1.74% at 14,913.05 and Nifty climbed 75.40 points, or 1.73% at 4,424.25.
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