Mumbai: The BSE Sensex posted its biggest fiscal-year gain in six in 2014-15 on bets that the Prime Minister Narendra Modi-led government would be able to revive growth in Asia's third-largest economy.
The benchmark BSE Sensex gained 24.9 per cent in 2014-15, its best since 2009-10, while the Nifty rose 26.7 per cent. For the month, the BSE Sensex fell 4.8 percent, its worst since February 2013. The Nifty lost 4.6 per cent this month in its worst performance since August 2013.
For the day, the BSE Sensex ended 0.07 per cent lower, while the 50-share Nifty lost 0.02 per cent. Losses were led by bank stocks such as ICICI Bank on anticipation of no rate cut at the central bank's upcoming policy review on April 7.But some blue chips gained on year-end window dressing, with Tata Motors rising 1.9 percent.
Reliance Industries gained 1.9 percent after Morgan Stanley upgraded the stock to "overweight" from "underweight", citing confidence about the conglomerate's downstream projects and improving outlook for telecoms business.
