5 reasons why the stock market collapsed on budget day

The BSE benchmark Sensex was seen trading below 1000 points at a time in day trading.  At the same time, the Nifty went below the 11750 lev...

The BSE benchmark Sensex was seen trading below 1000 points at a time in day trading. At the same time, the Nifty went below the 11750 levels. Let us know which of the announcements spoiled the mood of the market.

Highlights
  • Sensex fell by 987.96 points to 39,735.53, Nifty fell 318 points to close at 11643.80.
  • Analysts say that between the old and new tax systems, the choice of elections has led to more complications.
  • No special announcements have been made for any particular sector, whether it has been a slow-down auto sector or real estate sector.



New Delhi
Finance Minister Nirmala Sitharaman's budget 2020-21 The stock market did not like it. The mood in the budget turned off and the falling Sensex-Nifty took a big dive. The BSE benchmark Sensex was seen trading below 1000 points at a time in day trading. At the same time, the Nifty went below the 11750 levels. The Sensex finally ended with a loss of 987.96 points at 39,735.53 and the Nifty fell 318 points to close at 11643.80. Let us know which of the announcements spoiled the mood of the market.

Frustration about the abolition of all exemptions under section 80C of the Confusion Income Tax regarding tax slabsThere is no tax to be paid to those with income up to five lakh. Analysts say that the choice of choosing between the old and new tax system has led to more complications. The proposed tax proposal will benefit the middle class immensely.

Read: Tax slab has been done in the budget,

no sector got anything special
No special announcements have been made in the budget for any particular sector, whether it is the auto sector or real estate sector which has been experiencing downturn for a long time. It was hoped that there would be some announcements for sectors suffering from sluggishness to encourage consumers to get out of the economic slowdown. Vinod Nair, Research Head, Geojit Financial Services, has not met expectations. According to him, the market had high expectations from the budget. He said the support that was to be given to the economy to increase spending did not show up in the budget.

No announcement on LTCG tax Therewere expectations that Sarkara would eliminate the Long Term Capital Gains (LTCG) tax in this budget or change the definition of long term, which would be in the interest of investors. However, nothing was done that disappointed the market.

High disinvestment target
The government has set a big target for disinvestment in budget announcements. For FY 2021, the government has set a disinvestment target of Rs 2.10 lakh crore, which is considered to be a very high target. The government has decided to betonway its stake in LIC. Apart from this, the government will also sell some of its stake in IDBI. 


End of Dividend Distribution Tax (DDT) Finance Minister Nirmala Sitharanan announced the abolition of DDT in the budget, which will increase the burden on the exchequer by Rs 25000 crore. However, experts believe that this is negative news for investors as the dividend will now be added to the taxpayer's income.

COMMENTS

Name

118 telugu movie,1,Adithya Varma,1,advanced insurance plans,1,afcat 2019,1,agriculture insurance,1,airtel,1,alagappa university result Alagappa University,1,Anna univeristy,3,anna univeristy news,2,anna univeristy results,2,Anna univeristy transcripts,1,anna university,5,anna university student login,1,Antariksham 9000 kmph,1,Ashwaththama Telugu movie Leaked Online,1,Atal Bhujal Yojana,1,auto,4,bank holidays,1,bank loans,1,Banking,12,bigg boss kannada,1,budget,1,business,41,car insurance documents,1,car theft insurance,1,cbse exam result date,1,china,1,choosing health insurance,1,coronavirus,1,cyber defense insurance,1,cyclone,1,Dhillukku dhuddu 2,1,education,29,entertainment,4,Entrepreneurship,1,facebook,1,farmers got cheated,1,February 8,1,financial plans,1,financial support,1,Get Latest Telugu movies: Watch Online Telugu movies 2019,1,Getmyuni,1,global health insurance,1,google,1,google cloud vps,1,government farmers insurance,1,government insurance loss,1,government jobs,1,Group D result,1,hall ticket,1,Happy Diwali Naraka Chaturdashi Images,1,health,23,health insurance,2,Health insurance certified plans,1,Health insurance floater plan,1,health insurance online,1,health insurance payment,1,health insurance schemes,1,Himansh Verma,1,hit movie,1,honda amaze,1,hot bf sexy video,1,hot dance video,1,HSSC Recruitment 2020,1,https://www.nabard.org/careers-notices.aspx,1,idea,1,idra,1,insurance,4,insurance advice,1,insurance clams,1,Insurance Companies Cheated,1,insurance loss,1,insurance news,3,insurance premium,1,insurance safety,1,irda insurance,2,isro recruitmnet,1,jaanu,1,JIPMER 2019 registration,1,jobs,4,kanulu kanulu dochayante,1,kgf,1,kgf movie rating,1,kisan samman nidhi,1,Kumbalangi Nights,1,last date,1,lic insurance,1,life insurance,1,Luka Chuppi,1,maari 2,1,Madhyamik Result,1,Maha Shivratri,1,malayalam movie,1,mari 2,1,mobile insurance,1,movie news,1,movie review,1,movie reviews,4,movierulz,2,msbte exam form,1,msbte project competation 2020,1,msbte result,1,Navratri Diet,1,new health insurance,1,New insurance policy,1,New rules,1,NEWS,157,nnc,22,nnc1,8,nnc2,6,nokia 9,1,olx car,1,Om prakash singlaFraud caseonline cheatinginsurance fraud,1,oppo k1,1,Oru Adaar Love Malayalam movie,1,Padi Padi Leche Manasu,1,panga movie download,1,panga movie review,1,panga movie wiki,1,petta,1,phethai,1,Photos,1,pm kisan,1,pm kisan samman nidhi,1,pm kisan samman nidhi portal,1,pm kishan,1,pmkisan. gov. in,1,pmkisan.gov.in,1,pmkishan,1,pongal,4,premium insurance loss,1,promotion,1,Propose Day,1,railway group d result,1,railway group d result 2019,1,review,1,RRB Group D,1,RRB Group D Result,1,RRB Group D Result 2018,1,rrb group d result 2019,1,RRB Result,1,Sarileru Neekevvaru,1,sbi,1,sci-tech,10,Shaunak Chakraborty,1,Sonu Nigam,1,spicejet free tickets,1,sports,28,ssc je,1,Status Quotes Online,1,stock market,1,stockmarket,1,student travel insurance,1,tamil movie,1,tamil mv,1,tamil rockers,1,tamilrockers,27,Tamilrockers 2019,1,tamilrockers new movies,1,TATA Motors,1,tax news,1,tech,11,technology,9,telugu movies,2,torrentz,1,torrentz2,2,travel insurance,1,used car olx,1,vodaphone,1,Weather in Delhi,1,wedding ceremony insurance,1,West Bengal Police constable recruitment,1,What The Love,1,whatsapp,1,WhatsApp wishes,1,World Famous Lover,1,www.pmkisan.gov.in,1,
ltr
item
Today's Latest news, Know What's happening in India- with Timesnowindia.com: 5 reasons why the stock market collapsed on budget day
5 reasons why the stock market collapsed on budget day
https://1.bp.blogspot.com/-aT3xfo64uQg/XjhbfN_prNI/AAAAAAAABxI/MrvfheUjI4MaseUiodbhqU6quo4qSsfxwCLcBGAsYHQ/s1600/M_Id_384984_BSE.jpg
https://1.bp.blogspot.com/-aT3xfo64uQg/XjhbfN_prNI/AAAAAAAABxI/MrvfheUjI4MaseUiodbhqU6quo4qSsfxwCLcBGAsYHQ/s72-c/M_Id_384984_BSE.jpg
Today's Latest news, Know What's happening in India- with Timesnowindia.com
http://www.timesnowindia.com/2020/02/5-reasons-why-stock-market-collapsed-on.html
http://www.timesnowindia.com/
http://www.timesnowindia.com/
http://www.timesnowindia.com/2020/02/5-reasons-why-stock-market-collapsed-on.html
true
8987838410415587929
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy