BSE Sensex falls 869 points as Union budget disappoints

July 6 Monday: BSE Sensex falls 869 points as Union budget disappoints

It is worst performance of the share market in last 6 month. The disappointment over the budget turns in to a market disaster as the BSE key index sensex 870 points down from its last closing figure. The fall comes after the lack of policy announcement on liberalization and increase in minimum alternate tax on corporates.

The BSE sensex open the day at 14,962.12 points, closed at 14,043.4 points - 869.65 points or 5.83 percent lower than Friday’s close. The sensex touched today’s low of 13,959.44 points. While Nifty tumbled by 258.55 points today to 4,135.70. It hit the lowest of 4,133.70 points

Banking sector stocks are the most suffered and It was down by 8.17%.ICICI Bank, down 10.09 percent.
Finance minister Pranab Mukherjee mentioned in his budget speech that the fiscal deficit for this fiscal year may rise up to 6.8% of GDP.

Major Losers

Reliance Infra, down by 12.47 percent
ICICI Bank, down 10.09 percent
Jaiprakash Associates, down by 9.93 percent

Sensex Heavy weight Reliance industries share down by 6.53 percent


In the 30 scripts sensex only two scripts ened in green ITC, up 3.13 percent and Hindustan Unilever, up 0.99 percent. Of the 13 sectoral indices on the BSE, those for banking, realty and capital goods thumbled.