New Delhi, Feb. 1 -- The stock market closed largely unchanged as the Union budget disappointed on the capex front, even though the tax cuts proposed are expected to give a boost to consumption.

Foreign portfolio investors (FPIs) gave a thumbs-down to the budget at Saturday's special session, selling a provisional Rs.1327.09 crore worth of shares, even as domestic institutional investors net purchased equities worth Rs.824.38 crore.

The Nifty ended down 0.11% at 23482.15 while the Sensex ended up a mere 0.01% higher at 77505.96. The correction in markets, driven by FPIs selling Rs.2.37 trillion worth since October, is expected to continue with small and mid-cap stocks underperforming large-caps, market veterans said.

"Amid a slowdown i...