New Delhi: The market is witnessing huge ups and downs before the budget. In today’s business, the Sensex is down by more than 250 points and it has gone below the level of 40,500. At the same time, the Nifty also lost nearly 60 points and went below 11,900. Even before this, there was a big fall in the stock market on Thursday and Friday.
In today’s business, investors are cautious in the market and almost all sectors are witnessing a decline. The most weakness is being seen in bank shares. It is believed that this time the market will be decided by the budget announcements. The expectations that the market has, if those things are announced, then there can be a new enthusiasm in the market.
It is expected that there may be a big relief for ordinary investors and tax payers to increase consumption demand. Apart from this, some big announcements regarding rural sector, SME, infra and real estate are also possible. What is the target of fiscal deficit, it will be a big factor for the market. In such a situation, the eyes of investors and the stock market are also fixed on the budget. Experts are also assuming that the market move is now set on a lot of budget announcements.
Today, 20 stocks of BSE Sensex 30 are seen falling. The Nifty Bank is trading at a level of 30,490.50, losing about 1.11 percent. Only the FMCG sector is witnessing some shopping. Today Powergrid and Tech Mahindra are top losers, HUL and UltraTech are cement top gainers.