|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Reacting negatively to some budget proposals, particularly to the hike in coporate tax surcharge, higher surcharge on dividend distribution tax and the decision to continue interest rate subsidy on short term crop loans, the market saw some heavy selling on the Budget Day last week.
And the mood, despite a modest rebound on the final session last week, is likely to remain somewhat bearish, due largely to worries about the near term economic outlook.
With a slew of economic data due for release a week later, and the Reserve Bank of India to undertake mid-quarter review of monetary policy on 19 March, 2013, movements are likely to be quite listless over the next couple of weeks.