Sensex dips 900 points to settle below 40,000 points after Sitharaman delivers Budget 2020
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Economy

Sensex dips 900 points to settle below 40,000 points after Sitharaman delivers Budget 2020

ITC was the top laggard in the Sensex pack, tanking 6 per cent, followed by HDFC, L&T, SBI, ICICI Bank and ONGC.

PTI    
A man looks up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange (BSE)

A man looks up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange (BSE) | Dhiraj Singh | Bloomberg

Mumbai: The BSE Sensex plummeted over 900 points to sink below the 40,000 level in late afternoon trade on Saturday, tracking a massive selloff in capital goods and financial stocks after Finance Minister Nirmala Sitharaman presented the Union Budget for 2020-21.

After a highly volatile session, the 30-share index sank 900.29 points to 39,805.61.

Similarly, the 50-share NSE Nifty plunged 248.05 points to 11,714.05.

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ITC was the top laggard in the Sensex pack, tanking 6 per cent, followed by HDFC, L&T, SBI, ICICI Bank and ONGC.

On the other hand, TCS, HUL, Tech Mahindra and Infosys bucked the market trend to trade with gains.

Also read: Budget 2020: 15th Finance Commission keeps states’ share virtually unchanged for FY21