Sensex crashes 1,000 pts; Nifty slips below 11,700 pts

Sensex crashes 1,000 pts; Nifty slips below 11,700 pts

Agency News

Mumbai, Feb 1: After Finance Minister Nirmala Sitharaman presented the Union Budget for 2020-21 the BSE Sensex plummeted 1050 points to sink below the 40,000 level in the late afternoon trade on Saturday, tracking a massive selloff in capital goods and financial stocks.

After a highly volatile session, the 30-share index sank 900.29 points to 39,805.61. Similarly, the 50-share NSE Nifty plunged 248.05 points to 11,714.05. Market benchmarks sensex down by 680 points, while nifty plunged by 200 points.

At the start of the business, the Sensex opened strong at 40,753.18 points and climbed to 40,905.78 points as compared to 40,723.49 points in the previous day, but came under selling pressure after the budget was presented and plunged by nearly a thousand points to 39,930.46 points below. The Sensex is currently trading 408 points down at 40,315.90 points. (UNI)