Budget fails to enthuse markets, Sensex crashes
Budget fails to enthuse markets, Sensex crashes
Sensex crashed over 500 points as Pranab was delivering his speech.

Mumbai: Even as Finance Minister Pranab Mukherjee was presenting his Budget for 2009-10, a key index of the Indian equities markets dived by 512 points from its last closing figure.

Around 1225 hrs IST, the benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 14,962.12 points, was ruling at 14,400.54 points - 512.51 points or 3.44 per cent lower than Friday's close.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) was ruling 4.19 percent down at 4,239 points.

Broader market indices were also in the red, with the BSE midcap index trading 1.89 per cent lower, while the BSE smallcap index was down 1.49 per cent.

What's your reaction?

Comments

https://popochek.com/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!