Among the major movers today were Tata Steel, Jindal Steel, ICICI Bank and Larsen and Toubro. Among the major losers were Wipro, Infosys Technologies, Reliance Power and ITC.

MTNL rallied more than 8% on reports that LIC wants to exit the company via private placement. The shares of the telecom company has suffered badly due to poor results and stiff competition from private operators.

Markets are expected to take cues next week from key policy decisions including the Railway Budget, Union Budget and the Credit Policy.

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