Volatile throughout on Thursday, the Indian market closes lower on Union Budget day
Mumbai, Feb 1 (IBNS): While Union Finance Minister presented the Central government's Budget 2018-19 on Thursday, the Indian market was marked by volatility, ultimately ending the day on negative note, according to media reports.
Although the market opened on positive note on Thursday, it slid sharply after the FM announced long term capital gains tax on equity investments beyond Rs 1 lakh, media reported.
Although the market recovered later in the day, it could not hold on to its gains and closed lower, with BSE Sensex down 58.36 points at 35906.66 and NSE Nifty down 10.80 points at 11016.90.
Top gainers on Thursday included M&M, Eicher Motors, Bajaj Auto, Bajaj Finance, L&T, Asian Paints and IndusInd Bank while Sun Pharma, ONGC, Dr Reddy's Labs, SBI, ICICI Bank, Aurobindo Pharma and Lupin were among the losers.
key words: Indiansharemarket, BSE, NSE, Sensex, Nifty
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