MARKET GIVES THUMBS DOWN TO BUDGET

On saturday in budget session  market Sensex ended down 2 % at 39735, & Nifty Slips Below 11,800 points at 11643. ITC, Tata Motors, HDFC and L&T are the top losers, down over 6 % each. Sensex Gains Slightly  up But Still in Red while auto, financial service, FMCG, pharma, PSU banking and realty were trading in the green. On the other hand, IT, media, metal and bank traded in the red. HDFC Life, ICICI Pru, SBI Life among top losers. Shares of HDFC Life Insurance Company down 4 %, SBI Life Insurance  down 8 %& ICICI Prudential Life Insurance 9 %. Earlier, market benchmark Sensex slumped over 100 points in opening session today ahead of the release of the Union Budget to be presented by Finance Minister Nirmala Sitharaman. Tech Mahindra, PowerGrid, Tata Steel, NTPC, Kotak Bank and HCL Tech were among the top laggards, shedding up to 3%. On the other hand, HUL, UltraTech Cement, Maruti & Asian Paints were trading in huge profit IDBI The stock opened at Rs 35.50 against the previous day's close at Rs 33.90 and touched the intraday high and low of Rs 39.80 and Rs 33.65, respectively. The most active stocks included State Bank of India, Reliance Industries, IRCTC, Larsen & Toubro and Maruti Suzuki. Budget 2020: Custom duty on small appliances hiked to 20% Vs 10%, custom duty on fan upped to 20% Vs 10% & custom duty on specified goods used in refrigerators & AC hiked to 12.5% Vs 10%. The most active stocks included State Bank of India, Reliance Industries, L&T & Maruti .

TOP GAINERS- TCS,TECHM,WIPRO,INFY
TOP LOSERS-ITC,LT,SBIN,ONGC,M&M