Money on the markets

A maturing market amid the mayhem

Market ends flat

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INDIA-STOCKS/The stock market got off to a quiet start this week, with the benchmark index closing just 21 points higher at 14,786 ahead of the annual budget next week.

The Sensex was up 1.3 percent at one point, but investors booked profits to take advantage of the rise.

Tata Motors, which ended down 7.7 percent, and Sterlite Industries which gained 5.6 percent, were the top loser and gainer respectively.

The BSE Info Tech Index struggled in trade and ended down over 2 percent as shares in Infosys and TCS dropped over 2 percent. The BSE consumer durables and realty indices were among the top sectoral gainers of the day.

Markets slip further on budget gloom

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INDIA-STOCKS/The budget disappointment continued to weigh on investor sentiments, sending the Sensex down 2.9 percent to close a little above the 9,000 mark. Indian markets also took cues from the weakness in global bourses.

Index heavyweights dragged the benchmark lower, with top listed firm Reliance Industries slipping nearly 4 percent. ICICI Bank ended down 5.6 percent, while Infosys was lower by 3.5 percent in trade.

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