Live Market Updates: Nifty quiet, education stocks rally on Budget allocation

Moneycontrol Bureau

The market seemed to go mute as the FM divulged details about the expenditure and current account deficit. Finance Minister says FY14 plan expenditure to be 30% more than FY13 revised estimates. FM says FY13 plan expenditure cut to Rs 3.9 lakh crore versus before estimates of Rs 5.9 lakh crore. Get full Budget coverage: http://www.moneycontrol.com/budget2013/ The Sensex was up 48.57 points or 0.25% at 19200.98 while the Nifty gained 10.25 points or 0.18% at 5807.15. Education stocks rallied quite sharply after the Finance Minister P Chidambaram hiked allocation for education programme by 17 percent in Budget. Educomp Solutions rose 4 percent to Rs 88.30 while Everonn Education gained 5.78 percent to Rs 68.60. CORE Education went up 6.8 percent to Rs 64.40 while NIIT rose 4.44 percent to Rs 24.70. Aptech rallied 5.36 percent to Rs 50.10.