Sensex closes 472 pts up; capital goods stocks zoom

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SME Times News Bureau | 27 Feb, 2015
A day ahead of the union budget, a benchmark index of the equities markets, the 30-scrip Sensitive Index (Sensex), provisionally closed Friday's trade up 472 points or 1.64 percent.

Bullish sentiments prevailed as the day's biggest trigger - the Economic Survey -- was tabled in the Lok Sabha by Finance Minister Arun Jaitley.

The survey projected India's economic growth at more than 8 percent for the next fiscal.

The annual report card on the state of the country's economy said the growth should rise further and double digit expansion was a possibility.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made healthy gains during the day's trade. It provisionally closed 160.75 points or 1.85 percent up at 8,844.60 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 28,865.12 points, closed at 29,218.53 points (3.30 p.m.), up 471.88 points or 1.64 percent from the previous day's close at 28,746.65 points.

The Sensex had touched a high of 29,254.02 points and a low of 28,837.06 points in intra-day trade.

On Friday, healthy buying was observed in all sector-based indices of the BSE except fast moving consumer goods (FMCG).

The S&P BSE capital goods index surged 678.67 points, followed by bank index which rose 595.40 points, automobile index rocketed 351.20 points, metal index went up by 290.98 points.

Healthy buying was also observed in consumer durables index which increased 225.05 points, healthcare index which was up 150.22 points and oil and gas index which augmented by 146.01 points.

However, S&P BSE FMCG index was down 20.94 points.