MARKET SUMMARY Domestic indices make a smart comeback after two-day falling trend on the back of firm global cues and specific buying interest in metal, realty and capital goods shares. Upbeat movement was maintained through out the day. Hopes of further rate cuts by the central bank and stimulus package for the economy in the interim general budget on Monday, 16 February 2009, lifted the bourses. The Sensex ended the day with a gain of 168.91 points, or 1.78% at 9,634.74 after touching a high of 9,695.59 and a low of 9,540.60. The broad-based NSE Nifty gained 55.30 points, or 1.91% at 2,948.35 after hitting a high of 2,969.75 and a low of 2,896.85. Nifty February 2009 futures were at 2940, at a discount of 8.35 points as compared to the spot closing. Meanwhile, Lalu Prasad presenting the interim railway budget 2009- 10 in the parliament today said the Railways will invest Rs 2.3 lakh crore in the year ending March 2010. Indian Railways generated a cash surplus of Rs 90,000 crore in the last five years. The Railway Minister announced fare cut in AC and mail express trains by 2% while keeping freight rates unchanged. The railways posted a 13.17% increase in its total earning in April-January 2009 at Rs 64,876.34 crore, compared to Rs 57,327 crore in the corresponding period last year. While its freight revenue during this period jumped by 13.64% to Rs 44,016.26 crore, passenger revenue went up by 11.82% to Rs 18,042.82 crore.
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