India budget 2020 fails to cheer market, BSE Sensex down over 700 points

IANS/New Delhi
Filed on February 1, 2020
india budget 2020, sitharaman, modi, bjp


India FM presents budget 2020 on Saturday.

The Union Budget for financial year 2020-21 has so far been unable to bring cheer to the market and the equity indices slumped with the BSE Sensex falling over 700 points.

Around 1.30 pm, the Sensex touched an intra-day low of 40,015.37, 708.12 points lower than the previous close of 40,723.49 points.

However, it has recovered from the low and at 1.39 pm it was trading at 40,188.53, lower by 534.96 points or 1.31 per cent from the previous close of 40,723.49

Also read: India FM presents budget 2020

It had opened at 40,753.18, and has so far touched an intra-day high of 40,905.78 and a low of 40,015.37 points.

The gainers on the Sensex so far were Hindustan Unilever, TCS, ITC, Infosys and HCL Technologies. The major losers were Larsen and Toubro, HDFC, ICICI Bank, Bajaj Finance and Kotak Mahindra Bank.

The Nifty50 on the National Stock Exchange was trading at 11,799.85, lower by 162.25 points, or 1.36 per cent from the previous close.

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