Market ended flat; Nifty manages to hold 8400 marks

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The benchmark indices on Friday settled marginally lower after market heavyweight Tata Consultancy Services slumped on worries about its future following key management changes. Market is turning cautious in spite of a good start to the result season. This, we believe, is largely due to the fact that India had a handsome pre-budget rally in the last two weeks. Sensex was closed at 27238.06, down by 9.10 points or 0.03 percent. Nifty manages to hold 8400 marks. finally closed at 8400.35, down 6.85 points or 0.08 percent.  

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