Most Asian markets were lower in their opening trade.Hong Kong's Hang Seng was down 0.30 per cent, Japan's Nikkei shed 0.64 per cent and Shanghai Composite Index was down 0.41 per cent. Total amount of exempted is around 3.67 lakh crore.
The MidCap was down by 4.03 per cent, while SmallCap fell 4.65 per cent. The government in budget projected a fiscal deficit of 3.5 per cent of GDP for current fiscal against the earlier target of 3.2 per cent which also accelerated pace of selling by participants. The company had posted a consolidated net profit of Rs 976.82 crore in the year-ago quarter. Persistent Systems (down 1.99%), MphasiS (down 1.77%), Hexaware Technologies (down 0.95%), Oracle Financial Services Software (down 0.85%), MindTree (down 0.68%), Wipro (down 0.63%) and Infosys (down 0.23%), edged lower.
Bajaj Automobiles was the loser of the day, down by 4.90%, followed by scrips posting a 4% average loss- Bharti Airtel, Axis Bank, Maruti, Reliance, Tata Steel.
PC Jeweller topped the value chart on the BSE with a turnover of Rs. 1,598.55 million. "That is likely to be the thought process of institutional buyers too, but it is fair to expect some churning before FY 2019 starts".
Sam Allardyce: Walcott will do the team talk
Everton haven't kept a clean sheet for five games and manager Sam Allardyce will be desperate to put an end to that run. Danny Welbeck could return following a hip injury, while Santi Cazorla remains on the sidelines.
Timberlake, Biel dance together in 'Man of the Woods' music video
There's been plenty of speculation on whether Timberlake will bring out any special guests, and if so, who he'll choose. When Timberlake was asked about his son, he bragged about his speed, but had some thought about him playing football.
Microsoft's Surface sales remain stagnant despite launch of three new models
Surface revenue increased just 1 percent year-on-year as sales of more premium devices were offset by lower volumes. Microsoft's Q2 star was unquestionably the Intelligent Cloud division, which brought in revenue of $7.8 billion.
Apart from IT, all sectoral indices were trading in red, and the Nifty Realty index fell by six percent.
In the run-up to the 2014 LS polls, Jaitley on April 20, 2014, had in Amritsar demanded that income tax ceiling be raised from Rs 2 lakh to Rs 5 lakh.
Meanwhile seeking to comfort jittery investors, economic affairs secretary Subhash Chandra Garg said the sharp fall in the stock market is a "short term phenomena" and they need not worry as the growth story is intact. Further, the benefit of investment in bonds of NHAI/RECL etc. would be available only in respect of long-term capital gains on transfer of land or building and not any other capital asset.