Sensex on Friday slipped by 230.86 points to end at 29,231.41 led by profit-booking in bluechips, including RIl. Traders said the market was in an “over-bought” position following huge positions built up on optimism over the forthcoming Budget and hopes of faster reforms. With the BSE Sensex rising by a hefty 1,234.85 points in past seven days, some money was taken off the table, they added.
losses in other Sensex counters like Tata Power, ICICI Bank, Bharti Airtel, Infosys, Wipro, HDFC and Maruti Suzuki also weighed on market sentiments. Overall, 23 shares fell. Meanwhile, Sebi asked the stock exchanges including, the BSE and the NSE, to keep the markets open on Budget day, following requests made in this regard. This is probably the first time in many years that the Union Budget is being presented on a Saturday. The stock markets are generally closed on Saturdays and Sundays, except for special circumstances.