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

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	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>
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	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>
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	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>
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	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>
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	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

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

FM Nirmala Sitharaman to present Budget 2020 in Parliament today

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	Finance Minister Nirmala Sitharaman will on Saturday present the budget of the second term of the Narendra Modi government This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021. <a href="https://www.business-standard.com/article/news-ani/nirmala-sitharaman-to-present-budget-in-parliament-today-120020100109_1.html?1580523242" target="_blank"><em><strong>READ MORE</strong></em></a><br />
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		<img align="" alt="Nirmala Sitharaman, Anurag Thakur, Budget 2020" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-02/01/full/1580519575-8858.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Nirmala Sitharaman, Anurag Thakur, Budget 2020" width="620" /></div>
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Catch all the live updates on Union Budget 2020 proposals, and the instant stock reactions, on this blog. We will also bring to you views from experts and analysts on the market-moving proposals in the Budget.&nbsp;

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

All that happened in the markets today

FM Nirmala Sitharaman to present Budget 2020 in Parliament today