Benchmark indices Sensex and Nifty remained volatile after the Union Budget presentation as investors saw little coming in from the Finance Minister Nirmala Sitharaman for retail investors and the overall markets.
Stock indices opened with gains and traded in the positive territory during the Budget presentation. However, soon after Sitharaman completed her Budget speech in Parliament, the 30-share BSE benchmark Sensex declined 494.1 points to 77,006.47 in the late afternoon trade. The NSE Nifty went lower by 162.35 points to 23,346.05.
Later, Sensex pared losses to trade sideways at 77,509.90 while Nifty was at 23,495.30. Both benchmarks had rallied for the past four trading days.
The markets were open on Saturday due to the presentation of the Union Budget.
From the 30-share blue-chip Sensex pack, Bajaj Finserv, UltraTech Cement, Larsen & Toubro, Power Grid, Tata Steel, and State Bank of India were the major laggards.
Zomato, Maruti, ITC, Mahindra & Mahindra, and Titan were among the biggest gainers.
– PTI
