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Day End Report

The markets opened on weak note on the budget day and plunged in deep red once the Finance Minister started presenting the budget. Sensex and Nifty, however witnessed significant recovery in the last one hour of trade on the back of good performance of FMCG, bank, pharma and auto stocks. Finally, Sensex and Nifty ended weak.

Sensex ended down 245.76 points or 1.38% at 17578.72, and the Nifty closed down 61.60 points or 1.17% at 5223.50. On BSE, about 1221 shares advanced, 1750 shares declined, and 73 shares were unchanged. BSE midcap and smallcap ended down 0.41% each at 7680.39 and 9628.13 respectively. Auto stocks surged today and the BSE auto index ended with 1.2% gain on the back of deduction in the excise duty from 16% to 12%. Major gainers in this space were Maruti Suzuki, Bajaj Auto and Ashok Leyland.

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