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Our Bureau

Mumbai, July 2 Ignoring some of the positive cues in the Economic Survey for 2008-09, the Sensex ended flat at 14,658 (up 13 points) on Thursday.

The index was trading up more than 100 points till midday before it started its descent, post the release of the Survey.

The broader Nifty ended 0.18 per cent up at 4,348 points.

Marketmen, some of whom described the Survey as “rather ambitious”, said that investors are waiting for Monday’s Budget to see what actually the government would do.

“The stock market needs instant karma and would stay focused on details in the Budget on Monday. To that extent chances of disappointment remain, as far too much expectation has got built in prior to the budget. The Survey at least should help pare down expectation from the Budget, and motivate the market to see the big picture beyond the Budget”, said Mr. Amitabh Chakraborty, President, Equity, Religare Capital Markets.

Metal, PSU and realty were the best performing sectoral indices on the BSE, while capital goods and auto performed badly.

A total of 1,459 scrips advanced and 1,141 scrips declined.

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