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Budget impact: Sensex closes 152 points lower

Nifty plunges below 7,000

Policy Pulse
Publish Date: Feb 29 2016 1:16PM | Updated Date: Feb 29 2016 5:10PM

Budget impact: Sensex closes 152 points lower

After making an intra-day movement of over 800 points, the benchmark BSE Sensex felt by over 150 points to close at 23002.00 points.

 

Nifty also felt by 43 points to close at 6,987.05, below the psychological 7,000-mark.

 

Following the various taxation proposals of Finance Minister Arun Jaitley during the Union Budget 2016-17 presentation in the Parliament on Monday, Sensex crashed by 660 points while the Nifty felt by over 200 points.