MARKET SUMMARY
The markets gave a thumps up to the Union Budget and moved upwards strongly though it later gave up much of the gains towards the later half of the day. The thrust of infrastructure spending, raising of tax slabs rates and the partial roll back in the stimulus as expected had a positive effect on the indices. From the sectoral front, most of the buying was seen in Auto, Metal, Bankex, HC, and Realty and Oil&Gas stocks. FMCG and IT witnessed most of the selling pressure. BSE Midcap and Smallcap stocks closed with gain. The BSE Sensex closed higher by 175.35 points at 16,429.55 and NSE Nifty ended higher by 62.55 points at 4,922.30. BSE Midcap and Small cap closed with gain of 92.76 and 86.45 points at 6,397.82 and 8,067.40 respectively. The BSE Sensex touched intraday high of 16,669.25 and intraday low of 16,249.67.
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