Budget2016

Union Budget 2016-17: Nifty below 7000, Sensex down 152 pts; ITC & SBI up, ONGC tanks

As Finance Minister Arun Jaitley read out his Budget proposals for FY17, investors' knee jerk reaction eroded almost 660 points from the benchmark indices. However, that did not last long and the biggest culprits ITC and SBI erased losses to pick pace in the market.

Nifty ends below 7000, Sensex tanks 152pts; banks up on Budget

ONGC, BHEL, Maruti, Infosys and L&T were major losers while ICICI Bank, HDFC Bank, Reliance, SBI and Dr Reddy's Labs were major gainers in the Sensex.

Union Budget 2016-17: Sensex, Nifty continue to struggle; Reliance, ITC surge 2%

The Sensex is down 183.50 points or 0.8 percent at 22970.80 and the Nifty is down 53.15 points or 0.8 percent at 6976.60. About 1017 shares have advanced, 1397 shares declined, and 167 shares are unchanged. ICICI Bank, Reliance, ITC, Lupin and SBI are top gainers while ONGC, Maruti, BHEL, Infosys and L&T are majr losers.

Budget 2016 India: Sensex crumble, Nifty below 7000; ONGC tanks 9%, Maruti down

ICICI, ITC, Lupin, Reliance and Dr Reddy's Labs are top gainers while ONGC, Maruti, Infosys, BHEL and Axis Bank are losers in the Sensex.

Budget 2016: PPP key for transportation & infra sector, says L&T

R Shankar Raman, Whole-Time Director and CFO, L&T, says the government has failed to recognize role of Public Private Partnership (PPP) in both the sectors.

Union Budget 2016-17: Sensex, Nifty in red; BHEL, Wipro major laggards post Budget

ICICI Bank, Lupin, Reliance, Dr Reddy's and Tata Steel are top gainers while ONGC, Maruti, Infosys, BHEL and Wipro are major losers in the Sensex.

Budget 2016: Sensex, Nifty sluggish; IT, infra & auto stocks wobble

The government today announced a Krishi Kalyan Cess of 0.5 percent on all taxable services effective from June 1 this year to fund farm initiatives.

Union Budget 2016-17: Sensex, Nifty choppy; ITC, SBI, SpiceJet most active

ITC, SBI, Axis Bank, Reliance and SpicJet stocks are most active.

Budget 2016 India: Sensex, Nifty in green; banks & metal stocks rise

The Sensex is up 49.15 points or 0.2 percent at 23203.45 and the Nifty is up 21.75 points or 0.3 percent at 7051.50. About 1133 shares have advanced, 1184 shares declined, and 152 shares are unchanged.

Budget 2016: Sensex, Nifty firm; ONGC tanks 7%, Wipro, NTPC down

ICICI Bank, Tata Steel, Reliance, Dr Reddy's Labs and SBI are top gainers while ONGC, Maruti, Wipro, NTPC and Infosys are losers in the Sensex.

Budget 2016 India: Nifty hovers around 7050; IDBI rises 11% on Budget proposal

Foreign companies can increase stake In local stock exchanges to 15 percent from 5 percent, says Budget proposal.

Union Budget 2016-17: Sensex, Nifty in green; ITC gains 3% as Budget details pour in

The market is comfortably holding in the green as more details of the Budget proposals pour in. The Sensex is up 136.01 points or 0.6 percent at 23290.31 and the Nifty is up 41.05 points or 0.6 percent at 7070.80. About 1111 shares have advanced, 1205 shares declined, and 145 shares are unchanged.

Union Budget 2016-17: Sensex, Nifty choppy; Bank Nifty up 2% post Budget speech

Bank stocks has disgusted the lower-than-expected Rs 25000 crore recapitalisation allocated in the Budget. Bank Nifty is up 2 percent.

Budget 2016 India: Nifty above 7050, Sensex over 100 pts post FM's Budget speech

ICICI Bank, Tata Steel, Reliance, SBI and Dr Reddy's Labs in the Sensex. ITC, Maruti, Wipro, Cipla and NTPC are down.

Budget 2016 India: Sensex, Nifty volatile; Reliance up 2%, autos down on Budget

Tata Steel, ICICI Bank, SBI, Reliance and Dr Reddy's Labs are top gainers while ITC, Maruti Suzuki, Wipro, Cipla and Infosys are top losers in the Sensex. Autio index is down.

Budget 2016: Financial prudence is the name of game, says Deepak Parekh

While there is disappointment over lowered amount for recapitalization for public sector banks (PSBs) at Rs 25,000 crore, Deepak Parekh, Chairman of HDFC says that there no reason to be disappointed.

Union Budget 2016-17: Sensex, Nifty recover; Tata Steel, ICICI, SBI gain

Tata Steel, ICICI Bank, SBI, Reliance and Dr Reddy's Labs are top gainers while ITC, Maruti, Wipro, HUL and Cipla are major losers in the Sensex.

Budget 2016 India: Sensex recovers a bit, Nifty above 7000 after knee jerk reaction

The market recovers slightly as the Sensex is down 127.36 points or 0.6 percent at 23026.94, and the Nifty is down 25.60 points or 0.4 percent at 7004.15. About 786 shares have advanced, 1421 shares declined, and 141 shares are unchanged.

Budget 2016 India: Sensex slumps over 400 pts, Nifty below 6950; ITC down 7%

ITC is down 5 percent as the government will raise excise duty on most tobacco products by 10-15 percent.

Union Budget 2016-17: Sensex plunges over 300 pts, Nifty below 6050; IT & bank losers

There is no respite in selling pressure in the market as FM Arun Jaitley continues his Budget speech. The Sensex is down 316.63 points or 1.4 percent at 22837.67 and the Nifty down 95.70 points or 1.4 percent at 6934.05. About 764 shares have advanced, 1388 shares declined, and 135 shares are unchanged.

Budget 2016 India: Sensex, Nifty under pressure; banks dive on Budget proposal

Bank Nifty falls 0.6 percent after the government allocated lower-than-expected recapitalisation amount for banks.

Budget 2016: Sensex, Nifty skid sharply; SBI falls as banks recap at Rs 25kcr

The market is down as government has decided to allocate less-than-expectated banks recapitalisation amount. FM Arun Jaitley has proposed to give Rs 25000 crore for banks recap. SBI has fallen 2 percent immediately. The Sensex is down 147.79 points or 0.6 percent at 23006.51, and the Nifty is down 62.90 points or 0.9 percent at 6966.85.