So, finally the Union budget was announced today by our finance minister Mr. Pranab Mukherjee. The markets did not like the budget, for sure, as evident from a sharp 6% fall in both Sensex and Nifty. It was expecting a lot, especially after The left was left out of the coalition. Investors seem to be disappointed, with what has been served to them, and therefore selling was observed throughout the day in the market.
Personally speaking, I don't see anything negative in the budget that was announced today. It's just, that the investors were bent upon a few issues and wanted to hear from finance minister on those, and since Mr. Mukherjee did not speak about them at all, so they punished the indices.
To find out more on Budget and its Impact and also on some other important issues
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