The BSE Sensex recorded its biggest Budget-day plunge since 2009 as the announcements failed to cheer investors. The Benchmark stock index was down by 2.43%, with most sectors, barring Information Technology, experiencing a slump. The realty sector saw the steepest drop (-7.82%) followed by the Capital Goods (-4.79%) and the Industrials (-3.94%) sector.
However, the Information Technology sector saw a significant rise of 1.41% during the budget day. This coincides with the fact that the IT and Telecom sector got a huge boost in budget 2020. The sector's share in total expenditure came down by 1.36% points compared to last year (grew from 0.59% of total expenses in FY20 to 10.62% in FY21). This is the sharpest increase among all sectors.
Table depicts the % change across sectors on Budget day.
| Sectors | % change | Companies |
|---|
| Energy | -2.33 | Reliance -2.01%, Coal India -4.48% |
| Health Care | -1.6 | Biocon -2.33%, Lupin -1.50% |
| Fast moving consumer goods | -2.25 | Nestle +1.68%, Britannia -3.41% |
| Industrials | -3.94 | L&T -5.98%, Indigo -1.53%} |
| IT | 1.41 | TCS +4.13% , Wipro -0.32% |
| Auto | -2.47 | Maruti -1.53%, TVS -0.87% |
| Banks | -3.2 | SBI -4.83%, ICICI -4.01% |
| Telecom | -0.02 | Reliance -3.90%, Idea -0.56% |
| Oil and Gas | -2.59 | ONGC -4.18%, BPCL -3.10% |
| Power | -2.99 | NTPC -3.28%, BHEL -6.21% |
| Finance | -3.8 | HDFC -5.87%, Yes Bank -3.32% |
| Realty | -7.82 | DLF -12.08, Godrej -9.21% |
| Capital Goods | -4.79 | Havells -1.58%, Siemens -5.62% |
You have reached your limit for free articles this month.
Register to The Hindu for free and get unlimited access for 30 days.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
Not convinced? Know why you should pay for news.
*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.
Please Email the Editor