Black Friday for D-Street: Worst post-Budget market performance since 2009

Sensex, Nifty post biggest fall since Nov 2016

Higher taxes on equity investments and declining risk appetite among global investors amid an increase in US bond yields saw the benchmark Sensex slide 840 points, or 2.3 per cent, to 35,907 and the Nifty 50 index tank 256 points to 10,760. This was the worst single-day fall since November 2016, when the Centre banned the use of high-denomination currency notes, and the worst after-budget day performance since 2009.

The broader market small and mid-cap indices plummeted over 4 per cent each. The market slump eroded investor wealth worth Rs 4.6 trillion, with the total market capitalisation (m-cap) of all listed