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Home » Business » Market Live Union Budget 2020 Updates: Sensex Crashes 1,000 pts as Market Gives Thumbs Down to Sitharaman’s Budget

Market Live Union Budget 2020 Updates: Sensex Crashes 1,000 pts as Market Gives Thumbs Down to Sitharaman’s Budget

Beginning on a cautious note, the Indian market entered the Budget day with both Sensex and Nifty 50 breaking below crucial support levels on the day when the Finance Minister tabled the Economic Survey 2020.

By Newsd
Updated on :
Sensex rallies over 500 pts in early trade; Nifty tops 14,650

Market Live Union Budget 2020 Live Updates: 

15:21 (IST): Sensex Nosedives Over 1000 Points, Gives Up 40k Level


13:32 pm (IST): Market benchmarks Sensex down by 680 points, while nifty plunged by 200 points.


12: 55 (IST): Shares of IDBI Bank rose 17%  after the FM announce in her budget speech that the government will be selling a stake in the lender to the private retail investor.


12:27 (IST): Fertiliser Stocks At Day’s Low After Budget 2020’s Organic Push.Fertiliser Stocks At Day’s Low After Budget 2020’s Organic Push Fertiliser stocks—including National Fertilizers Ltd., Rashtriya Chemicals & Fertilisers Ltd. and Chambal Fertilizers and Chemicals Ltd.—traded at day’s low after Finance Minister Nirmala Sitharaman’s Budget 2020 pushed for use of organic fertilisers.


12:05 (IST): Pipemakers Gain As Government Allocates Rs 3.6 Lakh Crore For Piped Water Projects


11:56 (IST): Markets Live: Sensex, Nifty Volatile Indian indices were holding a tight range as Finance Minister Nirmala Sitharaman presents Union Budget 2020-21.


11:47 (IST):  Hospital Stocks Gain As Government Sets Aside Rs 69,000 Crore To Health Sector In FY21


11:32 (IST): Meanwhile, Gold is up by 0.04 per cent, while silver is down by 0.33%.


11:24 (IST): Nifty Reclaims 12,000 Points. The market registers a rise as Finance Minister Nirmala Sitharaman delivers her Budget speech in the Parliament.


11:11 (IST): Sensex Recovers. Sensex is up 114.73 points or 0.28 percent at 40838.22, and the Nifty added 36.50 points at 11998.60.


11:05 (IST): FMCG, realty, oil and gas and capital goods stocks are witnessing some traction while metal and power stocks continue to be under pressure.


10:59 (IST): Budget 2020 markets: Sensex trading over 100 points higher


10:55 (IST): Sensex rebounded after plunging over 250 points in early trade. Around 10:30 am, the key equity index was up by 50 points at 40,773, with Hindustan Unilever, UltraTech Cement and Bajaj Finance as the top gainers.


After shedding 279 points in early trade, the 30-share BSE index was trading 124.96 points or 0.31 per cent lower at 40,598.53, and the broader NSE slipped 23.10 points, or 0.19 per cent, to 11,939. In the previous session, Sensex settled 190.33 points, or 0.47 per cent, lower at 40,723.49, after the Economic Survey suggested relaxing fiscal deficit target to boost growth from a decade low. Likewise, the broader NSE Nifty shed 73.70 points, or 0.61 per cent, to finish at 11,962.10.

On a net basis, foreign institutional investors sold equities worth Rs 4,179.12 crore, while domestic institutional investors purchased shares worth Rs 3,816.44 crore on Friday, data available with stock exchanges showed.

According to analysts, investors are cautious ahead of the Union Budget as all eyes will be on how the centre is going to bring growth as an increase in spending would result in the widening of fiscal deficit. Negative cues from global markets amid concerns over China’s coronavirus outbreak continued to weigh on investor sentiment here, traders said. Benchmarks on Wall Street ended with sharp losses on Friday.

Beginning on a cautious note, the Indian market entered the Budget day with both Sensex and Nifty 50 breaking below crucial support levels on the day when the Finance Minister tabled the Economic Survey 2020.

According to a report in Money Control, trends on SGX Nifty indicate a negative opening for the broader index in India, with a 52 points loss or 0.43 per cent. The Nifty futures were trading around 11,987-level on the Singaporean Exchange.

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