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Monday 29 February 2016

Budget triggers wild swings on D-Street; top five factors weighing on Sensex


The S&P BSE Sensex plunged over 600 points in afternoon trade pushing the index to fresh 52-week low after the Finance Minster said that the government is committed to implementing GAAR from April 1, 2017.

The S&P BSE Sensex plunged to a fresh 52-week low of 22,494.64 while Nifty50 plunged to its support level of 6,800 at 1230 hours, but pared some of the losses soon after. The index hit a fresh 52-week low of 6825.80 in afternoon trade on Monday.




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