New Delhi: Stock market loss widens; Sensex crashes over 600 points and Nifty down over 200 points on Budget taxation proposals.
The market rises as Finance Minister Arun Jaitley starts Budget speech. Global economy is in a serious crisis and global growth has slowed.
Financial markets are battered but confidence is being built around India, says Jaitley in his Budget speech.
The Sensex is trading up 121.79 points or 0.5 percent at 23276.09, and the Nifty is up 32.90 points or 0.5 percent at 7062.65.
As FM presents Union Budget today, the market will focus on credibility of numbers. Investors will be keen to know if the Govt. deviates from the fiscal consolidation roadmap in order to boost growth.
