Market benchmark Sensex dropped over 150 points in morning session on Monday as investor sentiment took a beating after the Union Budget failed to meet expectations.
After swinging over 300 points in early session, the 30-share BSE index was trading 125.45 points or 0.32 per cent lower at 39,610.08, and the broader NSE slipped 21.30 points, or 0.18 per cent, to 11,640.55.
In the previous session, Sensex logged its biggest single-day plunge in more than a decade on Saturday after the Union Budget failed to live up to market expectations of growth-boosting measures and fiscal discipline.
Sensex settled 987.96 points or 2.43 per cent lower at 39,735.53, and Nifty plunged 300.25 points or 2.51 per cent to close at 11,661.85.
Meanwhile, on a net basis, foreign institutional investors sold equities worth Rs 1,199.53 crore, while domestic institutional investors purchased shares worth Rs 36.64 crore on Saturday, data available with stock exchanges showed.
ITC, Hero Motocorp, M&M, Tata Steel, HDFC Bank and ONGC were among the top laggards, while Asian Paints, IndusInd Bank, Nestle India, HUL and Bharti Airtel were trading with gains.
According to analysts, the market is disappointed as the budget lacked any significant measure to stimulate demand and did not provide any relief on capital gains tax as expected from budget.
Presenting the Union Budget for 2020-21 in Parliament, Finance Minister Nirmala Sitharaman pegged the fiscal deficit at 3.8 per cent for the current fiscal, compared to the earlier target of 3.3 per cent of GDP.
She also proposed lower income tax slabs for those foregoing various exemptions, and removed dividend distribution tax on companies, effectively shifting the tax burden to the recipients.
Further, volatility in the market also heightened after Chinese stocks opened after an extended break, traders said.
Bourses in Shanghai plummeted over 8 per cent, Japan and South Korea were trading with significant losses, while Hong Kong was up.
Brent crude oil futures fell 0.69 per cent to USD 56.23 per barrel.
The rupee depreciated 26 paise to 71.58 against the US dollar in morning session.-PTI news
where buy cheap clomiphene tablets can you buy cheap clomiphene without insurance how can i get clomiphene without dr prescription how can i get clomid without dr prescription can you get cheap clomiphene without rx where to get cheap clomid price buy cheap clomid tablets
Greetings! Extremely productive suggestion within this article! It’s the crumb changes which will make the largest changes. Thanks a quantity for sharing!
More articles like this would pretence of the blogosphere richer.
brand azithromycin 500mg – sumycin 250mg sale order metronidazole 200mg without prescription
order generic domperidone 10mg – order cyclobenzaprine 15mg online order flexeril 15mg generic
amoxil uk – ipratropium 100mcg canada order combivent generic
azithromycin 250mg for sale – purchase tinidazole without prescription bystolic 5mg price
amoxiclav online buy – https://atbioinfo.com/ ampicillin online
nexium 20mg cost – anexamate.com esomeprazole price
coumadin online order – anticoagulant cozaar 25mg brand
meloxicam where to buy – https://moboxsin.com/ mobic generic
order deltasone 20mg pills – https://apreplson.com/ deltasone 5mg generic
best drug for ed – https://fastedtotake.com/ the blue pill ed
cheap amoxicillin online – cheap amoxil sale amoxicillin pills
diflucan 100mg cheap – https://gpdifluca.com/# brand diflucan 100mg
how to buy cenforce – https://cenforcers.com/# order cenforce online cheap
what doe cialis look like – cialis and melanoma what is cialis pill
buy ranitidine 300mg pill – buy ranitidine generic buy zantac no prescription
cialis for bph insurance coverage – erectile dysfunction tadalafil cialis tablet
Thanks for sharing. It’s top quality. online
I couldn’t weather commenting. Profoundly written! https://buyfastonl.com/isotretinoin.html
More posts like this would bring about the blogosphere more useful. https://ursxdol.com/sildenafil-50-mg-in/
I am actually thrilled to coup d’oeil at this blog posts which consists of tons of useful facts, thanks object of providing such data. https://prohnrg.com/product/omeprazole-20-mg/
More content pieces like this would urge the web better. https://aranitidine.com/fr/sibelium/
This is the gentle of criticism I rightly appreciate.
order hyzaar generic
The thoroughness in this draft is noteworthy. http://bbs.dubu.cn/home.php?mod=space&uid=395573
order dapagliflozin 10 mg for sale – https://janozin.com/# forxiga 10 mg usa
purchase xenical online cheap – https://asacostat.com/# orlistat pill
The depth in this tune is exceptional. http://zqykj.cn/bbs/home.php?mod=space&uid=303378
You can keep yourself and your ancestors by way of being cautious when buying pharmaceutical online. Some pharmacy websites function legally and offer convenience, secretiveness, sell for savings and safeguards for purchasing medicines. buy in TerbinaPharmacy https://terbinafines.com/product/zetia.html zetia
I am in truth thrilled to gleam at this blog posts which consists of tons of worthwhile facts, thanks representing providing such data. stromectol gГ©nГ©rique