Markets ended the last week of the financial year on a flat note. Volatility ruled the roost as traders rolled over positions in the March series on Thursday. The Sensex advanced 42 points at 17,404. Nifty was up 17 points at 5,295.
Markets slipped on Monday, dragged by banks and heavyweights. However, bourses recovered on Tuesday before slipping once again on Wednesday. Banks weighed on investors' sentiments, on worries that their mark-to-market losses on government securities would increase after benchmark yields surged as the government announced major part of its borrowing programme in the first six months of the next fiscal. However, Friday saw the markets gaining once again as investors bought shares from the metal and realty pack.
Meanwhile, finance minister Pranab Mukherjee said today that holders of participatory notes, or P-notes, will have no tax liability and a clarification on these notes will be issued in due course.
DFM Index Shows Flat Performance
The contest between bulls and bears ended without any significant change at Dubai Stock Market on Tuesday 10th December 2013, as DFM index wavering between north and south retreated to 3,101.86 point