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

NEWS ALERT | Dividend Distribution tax abolished: FM

NEWS ALERT | Have removed around 70 of 100 tax exemptions in the new, simplified tax regime: FM Sitharaman

NEWS ALERT | New tax scheme optional, without exemptions: FM

-- New I-T schemes available for those willing to forgo deducations, exemptions: FM

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NEWS ALERT | Income earners between Rs 10- 12.5 Lakh to pay 20% tax

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	- Those who are earning income between&nbsp;12.5 - 15 lakh will now pay 25%</div>
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	- No exemption for citizens earning above Rs 15 Lakh - 30% tax to continue</div>
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NEWS ALERT | Income earners between Rs 5- 7.5 lakh to pay 10% tax against 20% tax

-- Income earners between Rs 7.5 lakh to Rs 10 lakh to be taxed at 15% against the present 20%

NEWS ALERT | Net market borrowing for FY20 at Rs 4.99 lakh cr: FM

-- Net market borrowing for FY21 at Rs 5.36 trillion: FM

NEWS ALERT | FY20 Fiscal deficit target at 3.8% vs earlier target of 3.3%: FM

NEWS ALERT | Revised expenditure estimate for FY20 at 26.99 trillion

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NEWS ALERT | GIFT city to set up International Bullion Exchange

NEWS ALERT | Govt plans to raise fund via LIC IPO

NEWS ALERT | To enhance partial credit guarantee scheme for NBFCs: FM

NEWS ALERT | NRIs to be allowed to invest in certain categories of G-Sec: FM

-- New debt ETF to be launched consisting mostly of G-Secs<br />
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-- Recent CPSE ETF has been a big success<br />
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-- FPI limit in corp bonds to be raised to 15% from 9%

NEWS ALERT | New debt ETF to be launched soon, will mostly consist G-Secs: FM