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

All that happened in the markets today

12:32 PM

NEWS ALERT | National Security is Govt's top priority: FM

12:31 PM

Focus on Agri

Budget Proposal

To start 'Kisan Rail' so that perishable items to be delivered and 'Krishi Udan' for Agri Exports

 

Impact

It would benefit companies like Parag Milk, Heritage Foods and Godrej Agrovet

(Source: Religare Securities)

 

12:30 PM

NEWS ALERT | Wealth creators will be respected in India: FM

12:28 PM

NEWS ALERT | To incentivise states promoting clean air with population less than 1 million: FM

>> Allocate Rs 4,400 crore for Clean Air in FY21

12:25 PM

MARKET COMMENT :: Manoj Jain, Director & Head of Commodities, IndiaNivesh

Focus on rural infrastructure development and doubling of hospitals will enable rural Indians access to quality healthcare. The news is a big positive for cement manufacturers and companies like NBCC

12:24 PM

NEWS ALERT | Rs 2,500 cr allocated for tourism promotion in FY21

12:23 PM

MARKET COMMENT :: Budget quote by Ravikant Bhat, Analyst - BFSI & Insurance, IndiaNivesh

To achieve higher export credit disbursement – NIRVIK to be launched – high insurance cover, lower premium, simplification of claim settlement through the digital network"  - currently premiums are up to 90% of the individual bill- this can be reduced further. Likely negative for general insurance companies such as ICICI Lombard and New India Assurance

12:22 PM

NEWS ALERT | Rs 3,150 crore earmarked for Ministry of Culture: FM

12:21 PM

NEWS ALERT | 5 archaeological sites to be developed as Iconic sites

12:20 PM

Aviation stocks gain

COMPANY NAME	LATEST	CHG (rs)	CHG(%)
SPICEJET	96.60	0.15	0.16
INTERGLOBE AVIAT	1389.00	11.50	0.83
JET AIRWAYS	27.85	-1.45	-4.95
GLOBAL VECTRA	59.20	1.95	3.41
TAAL ENTERPRISES	232.80	7.25	3.21

12:19 PM

NEWS ALERT | Rs 85,000 crore provided for scheduled castes and other backward classes in FY21

>> Rs 53,700 cr for STs

12:18 PM

NEWS ALERT | Rs 1.7 trillion allocated for transportation in FY21: FM

12:17 PM

NEWS ALERT | Rs 35,600 allocated for nutrition related programmes in FY21

-- Rs 28,600 cr allocated for women-centric programmes in FY21

12:16 PM

Market check

12:15 PM

NEWS ALERT | To launch 2 new national science schemes: FM