High volatility on Dalal Street marks Budget session
Experts had said that the Indian markets would trade in a range today as most of the other Asian markets are shut on account of a holiday.
By ET Online | Updated:
NEW DELHI: The S&P BSE Sensex turned choppy after rallying as much as 340 points in trade on special budget trading sessions. The 50-share Nifty index slipped below its crucial psychological level of 8850.
Although the budget had all the right ingredients but it failed to translate into a perfect dish. This is first class Budget; a budget for global competitiveness, says Swaminathan Iyer commenting on the Budget.
At 01:20 p.m.; Sensex was trading 206.27 points lower at 29,013.85. It hit a low of 29120.79 and a high of 29560.32 in trade today.
The 50-share Nifty index was trading 42.40 points lower at 8,802.20. It hit a low of 8809.90 and a high of 8941.10 in trade today.
Most of the sectoral indices are in the red. The S&P BSE Capital Goods Index was down 1.39 per cent, the S&P BSE Power Index was down 1.41 per cent, the S&P BSE Realty Index declined 1.76 per cent.
The S&P BSE Bankex was up 0.21 per cent and the S&P BSE FMCG Index gained 2.01 per cent.
Although the budget had all the right ingredients but it failed to translate into a perfect dish. This is first class Budget; a budget for global competitiveness, says Swaminathan Iyer commenting on the Budget.
At 01:20 p.m.; Sensex was trading 206.27 points lower at 29,013.85. It hit a low of 29120.79 and a high of 29560.32 in trade today.
The 50-share Nifty index was trading 42.40 points lower at 8,802.20. It hit a low of 8809.90 and a high of 8941.10 in trade today.
Most of the sectoral indices are in the red. The S&P BSE Capital Goods Index was down 1.39 per cent, the S&P BSE Power Index was down 1.41 per cent, the S&P BSE Realty Index declined 1.76 per cent.
The S&P BSE Bankex was up 0.21 per cent and the S&P BSE FMCG Index gained 2.01 per cent.
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