Data | Markets not enthused about Budget 2020

Most sectors experienced a slump in the Benchmark stock index

A view of the BSE building in Mumbai. File

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%