Sensex ends flat on Dec expiry; Tata Power, ONGC gain

After a muted trade, the market ended December F&O series expiry on a positive note. The Sensex closed up 41.88 points at 21074.59, and the Nifty was at 6278.9, up 10.50 points.

Tata Power closed the day with a 4 percent gain, while ONGC, HDFC Bank, Tata Steel and Wipro are other gainers in the Sensex. Among the losers are Bajaj Suto, Hero Motocorp, Dr Reddy’s Labs, Reliance and M&M.

Planning Commission Deputy Chairman Montek Singh Ahluwalia said today that poor performance of the economy during 2013 derailed Planning Commission’s ambitious growth target of 8 percent.

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“In the 12th Plan for the first time, upper-end performance was going to be around 8 percent average in a year but since then global economy has done much worse. So, today 8 per cent is bit on the high side. The possibility for next five years I feel is 7.5 percent which is not impossible,” Ahluwalia said.

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