The stock market witnessed a decline shortly after Finance Minister Nirmala Sitharaman presented the budget. The Sensex falls nearly 150 points, while the Nifty saw a decline of nearly 60 points. The country's general budget is being presented in Parliament today amid a decline in employment rates, agricultural crisis, fall in GDP growth rate and global trade war. Despite all these challenges, since the Modi government 2.0 came to power with a large majority, the market expects today's budget to see major reformist and growth-boosting decisions.
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Losing its starting lead, the Sensex was trading at 39,761.02 with a decline of 147.05 points and the Nifty declined 50.80 points to 11,895.95. 15 companies in the Nifty 50 are trading with a boom and 35 companies are trading with a recession.
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Gainer companies
The biggest gainers among the 50 companies involved in the Nifty of the National Stock Exchange are being seen in the shares of Bharti Infratel Limited, Indiabulls Zalon, KOTAKBANK, Dr. Reddy's Laboratories Limited and Hindustan Unilever Limited.
These Nifty shares declined
Of the 50 companies involved in Nifty, YES BANK, UPL Limited, NTPC Limited, Indian Oil Corporation Limited and Oil & Natural Gas Corporation Limited were trading with red marks.