Data

Data | Markets not enthused about Budget 2020

A view of the BSE building in Mumbai. File

A view of the BSE building in Mumbai. File   | Photo Credit: PTI

Most sectors experienced a slump in the Benchmark stock index

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% changeCompanies
Energy-2.33Reliance -2.01%, Coal India -4.48%
Health Care-1.6Biocon -2.33%, Lupin -1.50%
Fast moving consumer goods-2.25Nestle +1.68%, Britannia -3.41%
Industrials-3.94L&T -5.98%, Indigo -1.53%}
IT 1.41TCS +4.13% , Wipro -0.32%
Auto -2.47Maruti -1.53%, TVS -0.87%
Banks -3.2SBI -4.83%, ICICI -4.01%
Telecom -0.02Reliance -3.90%, Idea -0.56%
Oil and Gas -2.59ONGC -4.18%, BPCL -3.10%
Power -2.99NTPC -3.28%, BHEL -6.21%
Finance-3.8HDFC -5.87%, Yes Bank -3.32%
Realty-7.82DLF -12.08, Godrej -9.21%
Capital Goods -4.79Havells -1.58%, Siemens -5.62%
 

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Printable version | Feb 17, 2020 5:08:38 AM | https://www.thehindu.com/data/data-markets-not-enthused-about-budget-2020/article30720582.ece

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