Sensex falls 400
pts, Nifty breaks 11,700 post Budget; Auto stocks skid
Market Opening:
Benchmark indices
fell sharply in opening tick in morning after Budget 2019 and amid weak Asian
cues. The Sensex fell 250.45 points to 39,262.94 and the Nifty50
plunged 85.60 points to 11,725.60.
Nifty
Midcap was down 200 points.
Mindtree, Biocon,
Yes Bank, Jain Irrigation, PC Jeweller, Suzlon Energy, Motherson Sumi, Adani
Enterprises and Apollo Tyres fell 2-6 percent.
Rupee Opening:
The Indian rupee
opened lower by 15 paise to 68.57 against the US dollar. The currency closed at
68.42 a dollar on Friday.
Stocks in the news: Natco Pharma, Siemens, TeamLease, IFCI, Edelweiss Financial, JK
Tyre, SAIL
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