Sensex tumbles over 700 points as Finance Minister Nirmala Sitharaman presents Budget 2020

Sensex tumbles over 700 points as Finance Minister Nirmala Sitharaman presents Budget 2020

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

IANSUpdated: Saturday, February 01, 2020, 02:36 PM IST
article-image
BSE |

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 p.m, 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 p.m. 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

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.

RECENT STORIES

ITR Refund Delay Explained, Know The Key Reasons Behind The Hold-Up

ITR Refund Delay Explained, Know The Key Reasons Behind The Hold-Up

Sahara Group’s Anil Abraham, Property Broker JP Verma Held In Money Laundering Probe: Enforcement...

Sahara Group’s Anil Abraham, Property Broker JP Verma Held In Money Laundering Probe: Enforcement...

Lodha Developers Eyes ₹1,500 Crore Rental Income By FY31, To Offset Interest And Salary Costs: MD...

Lodha Developers Eyes ₹1,500 Crore Rental Income By FY31, To Offset Interest And Salary Costs: MD...

DLF Chairman Rajiv Singh’s Pay Jumps 34% To ₹36.65 Crore, Performance-Based Bonuses Drive...

DLF Chairman Rajiv Singh’s Pay Jumps 34% To ₹36.65 Crore, Performance-Based Bonuses Drive...

Strong Demand For Travel Food Services IPO, Grey Market Signals Mild Premium On Listing

Strong Demand For Travel Food Services IPO, Grey Market Signals Mild Premium On Listing