|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
The BSE Sensex eked out small gains for the third straight session on Wednesday, helped by Reliance Industries which rose after announcing investment in its key natural gas block and property developer DLF extending gains on hopes of better earnings.
The focus will be on the budget with foreign investors closely monitoring whether the government will put fiscal discipline ahead of election largesse.
Concerns also remain on the macroeconomic front. The government is unlikely to achieve its $350 billion export target in the current fiscal year that ends in March, Commerce and Industry Minister Anand Sharma said on Wednesday.
"Containing fiscal deficit and managing it would be the major thrust and challenge," said K K Mital, head of portfolio management at Globe Capital.
"Fiscal discipline is the most important area to woo foreign investors."
The BSE Sensex rose 0.04 percent, or 7.03 points, to end at 19,642.75.
The 50-share Nifty rose 0.06 percent, or 3.35 points, to 5,943.05.
Shares in Reliance Industries
Ambuja Cements Ltd
Oil marketing companies ended higher, with traders saying oil and gas stocks were likely to benefit from government reforms in the sector.
Indian Oil Corp
Shares in Steel Authority of India
A SAIL spokeswoman declined to comment immediately.
However shares that fell Jaiprakash Power Ventures