Sensex snaps 2-day losses, ends higher by 37 pts

The BSE benchmark Sensex today snapped its two-day losing streak by jumping 37 points to end the day at 25,099.92 on fresh buying in healthcare, IT and teck sectors even as investors are now awaiting Budget for clear cues, amid uncertain geopolitical situation.
The 30-share Sensex rose to 25,209.61 on initial buying. However, it declined afterwards to 25,032.94 on fag-end selling pressure on weak Asian cues.
The index finally ended the day at 25,099.92, a gain of 37.25 points or 0.15 per cent.
The 50-share NSE Nifty moved up by 15.60 points or 0.21 per cent to finish at 7,508.80.

Brokers said RBI remark that growth recovery appeared bright also helped.
The Sensex had lost 306.23 points of 1.21 per cent in the previous two days.

Major gainers today were Sun Pharma (3.97 per cent), TCS (3.85 per cent), Cipla (2.59 per cent), Wipro (1.90 per cent), Dr Reddy's Lab (1.80 per cent), ITC (1.14 per cent), Bajaj Auto (1.03 per cent) and Infoys (1.02 per cent).
Hindalco dropped by 2.63 per cent, followed by BHEL 2.57 per cent, Bharti Airtel 2.08 per cent, SSLT 1.78 per cent, M&M 1.69 per cent, Coal India 1.66 per cent, Maruti Suzuki 1.52 per cent, Icici Bank 1.32 per cent, Tata Motors 1.30 per cent and Tata Steel 1.20 per cent.

"Markets ended almost flat on Friday with the defensive sectors like IT and pharma gaining. For the week, markets remained in a range, ahead of the Budget and on concerns relating to monsoons. Geo-political issues also kept the sentiments weak," said Dipen Shah, Head of Private Client Group Research, Kotak Securities.
The geo-political issues globally have kept the rupee also under pressure over the past few sessions. The rupee was relatively stable at around the 60/USD mark, he added.