'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Experts believe volatility is here to stay for some time, at least till China stabilises and clarity regarding the US Fed's interest rate move emerges.
The 30-share Sensex ended higher by 30 points.
Caution prevailed across the bourses ahead of the Union Budget.
Large-cap scrips are still trading at a discount to mid-caps.
Overall market benchmark Sensex is headed for its worst performance in four years with a decline of 1,650 points
Gains were led by index heavyweights with Reliance Industries contributing the most.
Traders are waiting for the earnings season to kick off.
To be sure, this is not some stunning new revelation that our equity markets are beholden to foreign flows.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
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