Benchmark indices Sensex and Nifty closed on a flat note in a special trading session on Saturday as investors saw little coming in from the Finance Minister Nirmala Sitharaman for retail investors and the overall markets in the Union Budget.

But, buying in consumption-related sectors after Sitharaman exempted annual income of up to Rs 12 lakh from income tax and rejigged tax slabs as part of her reformist Budget prevented any major fall in the markets. The markets were open on Saturday due to the presentation of the Union Budget.