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

Business Standard

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

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Market check | Sensex plunges over 600 pts

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NEWS ALERT |  Insurance cos slip, SBI Life, HDFC Life,  ICICI Prudential Life Insurance down up to 10%

NEWS ALERT | FY21 divestment target seen at Rs 2.1 lakh crore: Bloomberg

&gt;&gt; Divesment target was Rs 1.05 lakh crore for FY20

NEWS ALERT | To launch new direct tax dispute settlement scheme: FM

MARKET CHECK | Insurance firms slide as LIC to come up with IPO

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NEWS ALERT | Propose to amend Income tax Act to allow faceless, digital appeal: FM

NEWS ALERT | Audit threshold for MSMEs raised to Rs 5 cr from Rs 1 cr: FM

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Govt to list LIC as part of its disinvestment initiative: Sitharaman

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	Finance Minister Nirmala Sitharaman on Saturday said insurance behemoth LIC will be listed as part of the government disinvestment initiative. She further said that the listing brings in more financial discipline among the entities. The government proposes to sell a part of its holding in LIC through initial public offer, she said while unveiling Budget 2020-21. <a href="https://www.business-standard.com/article/pti-stories/lic-to-be-listed-sitharaman-120020100554_1.html?1580543414" target="_blank"><em><strong>READ MORE</strong></em></a><br />
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		<img align="" alt="Private sector's share in LIC's portfolio plunges to 16-year low" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-09/25/full/1569429949-683.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Private sector's share in LIC's portfolio plunges to 16-year low" width="619" /></div>
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NEWS ALERT | Start-ups with turnover of Rs 100 cr to be provided tax deductions: FM Sitharaman

NEWS ALERT | 100% tax exemption on sovereign wealth funds' Indra investment

NEWS ALERT: Rate of withholding tax extended to 2023 for FPIs

NEWS ALERT | Propose to cut corporation tax rate to 15% for new companies involved in power generation: FM

NEWS ALERT | Revenue loss of Rs 25,000 cr due to abolishment of DDT: FM