Sensex ends fiscal year at 27,957.49

Equity trading tips: Sensex ends fiscal year @ 27,957.49

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The S&P BSE Sensex on Tuesday ended flat, but posted its biggest fiscal-year gain in six, as domestic funds buy shares to dress up their yearly performance at the end of 2014-15.

The benchmark BSE index has gained 24.89 per cent in 2014-15, its best since 2009-10 on bets that the Prime Minister Narendra Modi-led government would be able to revive growth in Asia's third-largest economy. While, the 50-share NSE index rose 26.65 per cent in the same period.

The 30-share index finally closed at 27957.49, down 18.37 points or 0.07 per cent. It touched a high of 28,180.64 and a low of 27,868.21 in trade today.

The Nifty ended at 8491 down 1.3 points or 0.02 per cent. It touched a high of 8550.45 and a low of 8454.15 in trade today.

The S&P BSE Sensex has fallen over 2000 points from its record high level of 30024.74, hit earlier in the month of March, but analysts are of the view that the bull run is still on and the index is well on its way to hit fresh record high in the year 2015.