Budget impact: Sensex crashes over 500 points

February 02, 2018 11:45

The benchmark stock indices crashed in the morning trades after opening lower on Friday following the impact of Budget 2018 as Arun Jaitley introduced LTCG at 10% and raised the fiscal deficit target for the financial 2018-2019 at 3.3%.

BSE Sensex traded lower by 566.96 points to 35,339.70, while the Nifty 50 fell 158.05 points to 10,858.85.

A weak trend in Asia also came as a dampener, traders said.

Shares of blue-chip companies such as HDFC, HDFC Bank, ICICI Bank, Reliance Industries, L&T, Kotak Mahindra Bank, Maruti Suzuki, IndusInd Bank, Axis Bank, SBI and ONGC contributed heavily to the Sensex declines.

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