Budget fails to impress markets, sensex dives 988 points to close at 39,736; Nifty ends below 11,650

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NEW DELHI: Equity indices on Saturday plunged sharply after the finance minister Nirmala Sitharaman presented the Union Budget 2020-21, tracking a massive selloff in capital goods and financial stocks.
The benchmark BSE sensex dived 987.96 points or 2.43 per cent to finish at 39,735.53. While, the broader NSE Nifty closed 318.30 points or 2.66 per cent lower at 11,643.80.
Top losers in the sensex pack include ITC, HDFC, LT, SBI, ONGC, ICICI Bank and M&M with their shares falling as much as 6.74 per cent. 25 out of 30 stocks ended in red.
While, TCS, Hindustan Unilever, Nestle India, Tech Mahindra and Infosys were the only gainers.
On NSE, except for Nifty IT, all sub-indices finished in red with Nifty Realty, Media, PSU Bank, Financial Services plunging up to 8.16 per cent.
On a net basis, foreign institutional investors (FIIs) sold equities worth Rs 4,179.12 crore, while domestic institutional investors purchased shares worth Rs 3,816.44 crore on Friday, data available with stock exchanges showed.





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