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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