Sensex surged after eco survey tabled, again into red

MUMBAI: The Sensex surged sharply to 100 points at 14, 756 after the economic survey tabled in the Lok Sabha on Thursday. But tumbled down into red owing to a sudden spate of selling. It was down 14 points at 14,631. Mixed trends in Asian stocks also influenced the Indian markets. While the wide-based National Stock Exchange index Nifty slipped 7 points at 4333 points.


Earlier in the opening trade, equities opened slightly higher today ahead of the annual Economic Survey that could be an indicator for policies included in the Union Budget next week. Oil PSU stocks attracted fairly heavy buying after the government's decision to hike petrol and diesel prices by about 10 per cent.