Pre-Budget, Sensex ends at 39,906, Nifty 11,947
04-July-2019
Ahead of the Union Budget on Friday, the markets finished with slight gains.
The 30-scrip Sensex gained 68.81 points to finish at 39,908.06, while the Nifty settled at 11,946.75, after advancing by 30 points.
"Expectation levels ahead of the Budget are low due to lack of fiscal space," said Deepak Jasani, Head Retail Research, HDFC Securities.
The Economic Survey presented on Thursday said that, Investment, especially private investment, is the "key driver" that drives demand, creates capacity, increases labour productivity, introduces new technology, allows creative destruction, and generates jobs.
The top gainers among the 30-scrip Sensex were Bharti Airtel, Tata Motors, IndusInd Bank, Kotak Mahindra and Hero Moto Corp while the losers were Yes Bank, HCL Tech, Vedanta, Sun Pharma and Tata Steel.
IANS
After Six Years of Profitable Bootstrapping, Medulance Raises Rs 25 Crore to Expand Nationally
IIM Grad and First-Generation Entrepreneur Anish Popli's ProcMart Secures Rs 250 Crore in Series B Funding
First Indian Space Tourist Talks Dreams and Inspiration Before Blue Origin Flight
Former MLA Rathod Bapu Rao Switches from BJP to Congress in Telangana
Zerodha Co-Founder Nikhil Kamath Launches 'WTFund' to Support Young Entrepreneurs