Stock markets fall after economic review, now eyes on budget

The stock market closed with a fall on Friday, the last day of the trading session.  The Economic Review for the financial year 2019-20 pre...

The stock market closed with a fall on Friday, the last day of the trading session. The Economic Review for the financial year 2019-20 presented in Parliament suggested to 'relax' the fiscal deficit target to encourage growth.

The stock markets fell on Friday, a day before the Mumbai general budget. While the Bombay Stock Exchange Sensex lost 190 points, the Nifty fell below the 12,000 mark level. The Economic Review for the financial year 2019-20 presented in Parliament suggested to 'relax' the fiscal deficit target to encourage growth. The selling markets came under selling pressure in the afternoon after the stock market opened up strongly in early trading.

The 30-share Sensex of the Bombay Stock Exchange fell strongly in the last hour of trading. The Sensex finally ended at 40,723.49, a loss of 190.33 points or 0.47 percent. It touched a high of 41,154.49 points during trading. It also came to a low of 40,671.01 points. Similarly, the National Stock Exchange Nifty lost 73.70 points or 0.61 percent to 11,962.10 points.

The Economic Review has estimated that the economic growth rate will improve from 6 to 6.5 percent in the next financial year. It is estimated to be 5 percent in the current financial year. However, the review suggests a 'relaxation' in the fiscal deficit target to encourage economic growth. Traders said the economic review described difficult fiscal conditions. Private investors will remain out of the market if the government takes more loans from the market.

Among Sensex companies, ONGC shares lost the most by 5.80 percent. Shares of Powergrid, HCL Tech, TCS, Tata Steel, and Reliance Industries also lost. On the other hand, Kotak Mahindra Bank's stock gained 3.87 percent. The bank has settled its dispute with the Reserve Bank in the context of Uday Kotak's stake. SBI's stock climbed 2.53 percent. The bank's December quarter net profit rose 41 percent to Rs 6,797.25 crore.

IndusInd Bank, Bharti Airtel, Bajaj Auto, and Hero MotoCorp also gained. Now all eyes are on the general budget to be presented on Saturday. Stock markets will have normal trading on Saturday. Vinod Nair, head of research, Geojit Financial Services, said investors are shying away from major initiatives ahead of the budget. Now everyone's eyes are on what steps the government takes to encourage the increase in the budget. If the government increases spending for this, the fiscal deficit can increase.

BSE Midcap and Smallcap were also in the loss. Investors on the global front are still assessing the impact of coronavirus spread in China. So far 213 people have died in China due to coronavirus. Meanwhile, Hong Kong's Hang Seng and South Korea's Kospi declined. Japan's Nikkei climbed one percent. There was a holiday in the Chinese market. European markets were down in early trade. Brent crude oil futures gained 0.38 percent to $ 57.55 a barrel. In the interbank foreign exchange market, the rupee gained 25 paise to close at 71.33 per dollar.

COMMENTS

Name

1080p movies,1,118 telugu movie,1,720p movies,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,dual audio movies,1,education,29,entertainment,4,Entrepreneurship,1,extra movies hd,1,extramovie,1,extramovie download,1,extramovies,1,ExtraMovies.com,1,extramovies.in,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,how to register umid card,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,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,pensioner type in umid,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,umid app,1,umid card hospital list,1,umid clw,1,umid railway medical card download,1,umid rdso,1,umidigi railways,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: Stock markets fall after economic review, now eyes on budget
Stock markets fall after economic review, now eyes on budget
https://1.bp.blogspot.com/-IKvT2IPA4uc/XjhcvPahvQI/AAAAAAAABxU/sDtJE75OZdgQYmoDZdLzuIEWJ4xnhtSpwCLcBGAsYHQ/s320/sensex_11.jpg
https://1.bp.blogspot.com/-IKvT2IPA4uc/XjhcvPahvQI/AAAAAAAABxU/sDtJE75OZdgQYmoDZdLzuIEWJ4xnhtSpwCLcBGAsYHQ/s72-c/sensex_11.jpg
Today's Latest news, Know What's happening in India- with Timesnowindia.com
http://www.timesnowindia.com/2020/02/stock-markets-fall-after-economic.html
http://www.timesnowindia.com/
http://www.timesnowindia.com/
http://www.timesnowindia.com/2020/02/stock-markets-fall-after-economic.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