Expectations ahead of Union Budget 2020, and December quarter earnings kept the Indian indices volatile on Friday, The government is expected to raise spending on infrastructure and cut some personal tax in its 2020/2021 budget, to spur consumer demand and investment, government sources and economists told news agency Reuters.
The benchmark S&P BSE Sensex ended the day near day’s low, at 40,723.49 level, down 190.33 points or 0.47 per cent On the NSE, the Nifty50 breached below the crucial 12,000 mark and settled at 11,961.65 level, down 74.15 points or 0.62 per cent. On the sectoral front, Nifty Metal index settled as the worst hit index, down over 2 per cent, after the World Health Organsiation (WHO) declared the Wuhan-originated coronavirus as global emergency. On the other hand, Nifty Realty index closed 1.3 per cent higher on the NSE after the Economic Survey 2020 pitched for real estate developers to lower property prices to clear inventory. In the broader markets, the S&P BSE mid-cap index closed at 15,463.46 level, down 0.6 per cent, while the S&P BSE small-cap index was at 14,671.53, down 0.22 per cent.
The benchmark S&P BSE Sensex ended the day near day’s low, at 40,723.49 level, down 190.33 points or 0.47 per cent On the NSE, the Nifty50 breached below the crucial 12,000 mark and settled at 11,961.65 level, down 74.15 points or 0.62 per cent. On the sectoral front, Nifty Metal index settled as the worst hit index, down over 2 per cent, after the World Health Organsiation (WHO) declared the Wuhan-originated coronavirus as global emergency. On the other hand, Nifty Realty index closed 1.3 per cent higher on the NSE after the Economic Survey 2020 pitched for real estate developers to lower property prices to clear inventory. In the broader markets, the S&P BSE mid-cap index closed at 15,463.46 level, down 0.6 per cent, while the S&P BSE small-cap index was at 14,671.53, down 0.22 per cent.
