The presentation of the budget does not encourage markets like sensex, Nifty falls sharply
NEW DELHI: equity indexes plummeted sharply after the Union Budget presentation with the reference point BSE sensex It dropped more than 650 points and the widest trade near 11,750 levels.
The main losers in the sensex package include HDFC, L&T, Sun Pharma, Bajaj Finance, ONGC and Kotak Mahindra Bank with their shares falling to 4.40 percent. In NSE, the Nifty Realty and Financial Services subscripts sank to 5.63 percent.
In the previous session, sensex set 190.33 points, or 0.47 percent, to 40,723.49, after the Economic Survey suggested a relaxed fiscal deficit target to boost growth from a minimum of a decade. Nifty lost 73.70 points, or 0.61 percent, to finish at 11,962.10.
On a net basis, foreign institutional investors sold shares worth Rs 4,179.12 million, while national institutional investors bought shares worth Rs 3,816.44 on Friday, data on the stock exchanges showed. values.