Among Sensex firms, Eternal, Infosys, Tata Consultancy Services, Tech Mahindra, Reliance Industries, Asian Paints, HCL Tech and Adani Ports were the laggards. Power Grid, Bajaj Finance, NTPC, State Bank of India and IndusInd Bank were among the gainers.
Finance Minister Arun Jaitley presented his maiden budget last week in which he vowed to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
Moody's expects macroeconomic policies to contribute to sustained robust growth.
Moody's expects that India will record the GDP growth of around 7.5 per cent in 2015 and 2016.
The Modi administration has been unable to initiate key reforms.
The government has last month significantly liberalised the FDI regime, putting most of the sectors on the automatic route
The pay hike has been made effective from January 1, 2016.
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