Sensex tanks 2.5%, down 839 pts, Nifty ends below 10,800 on Budget woes

Catch all live market action here

10:26 AM

FM Arun Jaitley first interaction with India Inc post budget

 

FM Arun Jaitley: India is out of high inflation era; oil prices are a matter of concern

10:24 AM

FM Arun Jaitley first interaction with India Inc post budget

 

FM Arun Jaitley: We are on a path of revival in exports that will be a major positive

10:23 AM

Nifty cracks

10:19 AM

FM Arun Jaitley first interaction with India Inc post budget

 

FM Arun Jaitley: Dont expect bump up in GST collections; does not see challenges on Revenue collections

10:18 AM

FM Arun Jaitley first interaction with India Inc post budget

 

FM Arun Jaitley: Last 2 years number of direct tax assesses have gone up; India is not the best place for voluntary compliance

10:14 AM

Market Check

S&P BSE Sensex	35,533.02		-1.04%
Nifty 50	10,922.60		-0.86%
S&P BSE 200	4,748.39		-1.20%
Nifty 500	9,576.10		-1.15%
S&P BSE Mid-Cap	16,926.93		-1.99%
S&P BSE Small-Cap	18,281.84		-2.33%

10:13 AM

FM Arun Jaitley first interaction with India Inc post budget

 

FM Arun Jaitley: Philosophy behind Budget was to give aid to sectors that required it

10:11 AM

FM Arun Jaitley first interaction with India Inc post budget

 

FM Arun Jaitley: India has a serious challenge in terms of compliance & increasing tax base; No other country has 5% tax slab, and can't get slabs lower than the current ones

10:08 AM

FM Arun Jaitley first interaction with India Inc post budget

 

FM Arun Jaitley: MS Swaminathan Committee stated MSP must be a level above cost of production; Customs duty has been increased to promote domestic manufacturing

10:08 AM

FM Arun Jaitley first interaction with India Inc post budget

 

FM Arun Jaitley: Plan is to put new MSP in place from upcoming harvesting season

10:07 AM

FM Arun Jaitley first interaction with India Inc post budget

FM Arun Jaitley: Healthcare scheme that has been envisaged is substantialy addressed to rural India

10:05 AM

FM Arun Jaitley first interaction with India Inc post budget

FM Arun Jaitley: Had to strike a balancing act between managing farm stress & inflation

10:03 AM

FM Arun Jaitley first interaction with India Inc post budget

FM Arun Jaitley: Stress in the farm sector is real; a call had to be taken on reasonable MSP

10:01 AM

FM Arun Jaitley first interaction with India Inc post budget

FM Arun Jaitley: Manufacturing sector has picked up in last few months; there was a need to focus on infrastructure sector

10:00 AM

FM Arun Jaitley first interaction with India Inc post budget

FM Arun Jaitley: Now, concentrating on targetting welfare of individual rural homes; providing interest subventions, aid for irrigation to rural areas