Sensex logs best fiscal year gain since 2009-10

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Registering a hefty rise of 25 per cent in 2014-15, benchmark Sensex on Tuesday capped its best show in six fiscal years mainly driven by surge in foreign inflows after the Narendra Modi-led government took charge.
For the day, however, the BSE Sensex settled in the red after giving up early gains to end the fiscal year marginally down by 18.37 points at 27,957.49. The broader market sentiment remained strong as small-cap and mid-cap counters outshined the Sensex by 0.31 per cent and 0.88 per cent, respectively.
It was a mixed trading session for the sectoral indices, where oil & gas and healthcare managed to gain close a per cent each, while rest ended flat to marginally in red, said Jayant Manglik, President-retail distribution, Religare Securities.
For the month, the Sensex fell 4.8 per cent, its worst monthly show since February 2013. The broad-based 50-issue NSE Nifty today eased by 1.30 points or 0.02 per cent to close at 8,491. After markets closed for the day, government data showed growth in eight core sector industries slowed down to 1.4 per cent in February.

During the fiscal 2014-15, Sensex has gone up by 5,571.22 points, or 24.88 per cent to 27,957.49 from 22,386.27 on March 31, 2014. The gauge had touched all-time high of 30,024.74 on March 4 this year.
On similar lines, the NSE's Nifty zoomed by 1,786.80 points, or 26.65 per cent, to settle the fiscal at 8,491 after scaling lifetime high of 9,119.20 on March 4 this year.
For the day, Refinery stocks were in the limelight after a brokerage firm upgraded Reliance Industries (RIL) stock to overweight from underweight and also further fall in global crude oil prices. HDFC Bank, ICICI Bank, Axis Bank, SBI, L&T, BHEL, ONGC, ITC, Infosys, TCS, M&M, and Hindalco suffered losses. RIL, Tata Motors Sun Pharma, Dr Reddy's, Maruti Suzuki, Bharti Airtel and Tata Power notched noticeable gains. Meanwhile, mixed Asian cues, weak European trends and sustained capital outflows also weighed on the local bourses.
Indian companies raised a staggering Rs.58,801 crore through equity markets in the financial year that ended today -- the best funds mop-up since 2010-11 fiscal.

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