MARKETS: Sensex falls 800 pts, Nifty near 11,750 as Budget disappoints D-St

<div>
	Union Budget for 2020-21 turned out to be a big disappointment for the market as a wider fiscal deficit (at 3.8 per cent ) for FY20, absence of any announcement on reduction in Long-Term Capital Gain (LTCG) tax, and a new personal income tax regime (that came with various riders) gave away no clear roadmap of how the government planned to bring the country out of the persisting economic slowdown.</div>
<br />
<div>
	The benchmark S&P BSE Sensex plunged 1,274 points from the day&#39;s high, before settling 987.96 points, or 2.43 per cent, lower at 39,735.53. Only 5 of the 30 constituents, including TCS, HUL, Nestle, and Infosys, settled the day in the green. On the downside, ITC, HDFC, L&T and SBI settled the day as top laggards. Heavyweights like HDFC twins, ITC, ICICI Bank, Reliance Industries, L&T, and SBI slumped up to 7 per cent, dragging the markets lower.</div>
<br />
<div>
	On the NSE, the Nifty50 closed at 11,643.80, down 392 points, or 3.26 per cent. During the intra-day trade, the index hit a low of 11,633.30 level.</div>
<br />
<div>
	Sectorally, Nifty Realty index tanked over 8 per cent at close as the Budget ruled out any sop to help the sector out of the inventory build-up. That apart, Nifty Bank, Private Bank, Metal, Financial Services, Auto, and Public Sector Bank indices settled over 3 per cent lower.</div>
<br />
<div>
	In the broader market, the S&P BSE mid and small-cap indices closed over 2 per cent lower each at 15,119.65, and 14,344.70 level, respectively.&nbsp;</div>

MARKET WRAP: Sensex tumbles almost 1,000 pts as Budget disappoints D-St

Business Standard

MARKET WRAP: Sensex tumbles almost 1,000 pts as Budget disappoints D-St | News on Markets - Business Standard

NEWS ALERT | FM proposes 'Krishi Udaan' to promote Agri exports

&gt;&gt; Railway to set up &#39;Kisan Rail&#39;

MARKET CHECK | Most agri-related stocks gain as FM announces proposals for agri sector

<a href="https://www.business-standard.com/stocks/market-statistics/bse/most-active-volume?search&amp;sector-id=Agro%20Chemicals&amp;indices=All" target="_blank"><strong><em>(Click here for the full list)</em></strong></a>

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15805370355171.png

NEWS ALERT | Integrated farming system will be expanded in water intensive area: FM

Budget 2020: Fundamentals of economy strong, inflation contained, says FM

<div>
	Finance Minister Nirmala Sitharaman on Saturday said fundamentals of the economy are strong and inflation has been well contained, while banks cleaned up accumulated loans. Presenting the Union Budget for 2020-21, she said it is aimed at boosting income and purchasing power of people. <a href="https://www.business-standard.com/article/pti-stories/fundamentals-of-economy-strong-inflation-well-contained-sitharaman-120020100336_1.html?1580536833" target="_blank"><em><strong>READ MORE</strong></em></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="Nirmala Sitharaman" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-02/01/full/1580535223-5927.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Nirmala Sitharaman" width="620" /></div>
</div>
<br />

NEWS ALERT | Will revise incentives for use of chemical fertilizer: FM

Proposal for solar pumps sees Shakti Pumps rally over 11%

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15805367958899.jpg

NEWS ALERT | FM says to revise incentives for use of chemical fertilizers

NEWS ALERT | Farmers can make a living on barren land by using solar power: FM

NEWS ALERT | Propose creating warehousing for farm sector: FM

&gt;&gt; Govt will provide viability gap funding to set up warehouses<br />

NEWS ALERT | 6.11 cr farmers insured under PM Kisan fasal Bima Yojana: FM

NEWS ALERT | Farm markets need to be liberalised: FM

<font color="#000000" face="Arial, Helvetica, sans-serif"><span style="font-size: 14px;">-- Adopting sustaiable cropping pattern: FM</span></font><br />

NEWS ALERT | Will expand PM Kusum Scheme to 20 lakh farmers: FM

MARKET COMMENT :: Vinay Pandit, Head- Institutional Equities, IndiaNivesh

This is the budget to boost income and enhance purchasing power&quot; at the beginning gives a sign of things to come - expect significant benefits for consumption as the speech progresses. Aspirations, Economic development, Caring Society&quot; - an ACE in the making - aimed towards a $ 5 tn economy by 2024-25 - if achieved with the right efforts, is in the right direction

NEWS ALERT | FM outlines 16 action points to enhance farmer income

STOCK REACTION :: Fertilizer stocks charge ahead

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/15805364145196.png