On Budget day, Sensex rose to 40,032 level gaining 124 points intra day before the Budget speech started. However, the index tanked 467 points intra day to hit a low of 39,441 after FM Sitharaman finished her maiden Budget speech.

Dewan Housing Finance is trying hard to come out of the NBFC liquidity storm

The Budget will lower to a large extent the liquidity stress in the financial sector

Finance Minister Nirmala Sitharaman unveiled the proposals while presenting the budget for the fiscal year ending March 31, 2020 to parliament

While the move is positive for minority shareholders and it will lead to a better price discovery, some MNCs with low public float may even prefer to delist instead of relinquishing their stakes

Sensex Live Today: Sensex and Nifty closed on a negative note, as market participants turned cautious post the outcome of Union Budget 2019 amid globally weakened markets.

Finance Minister Nirmala Sitharaman will present her maiden Union Budget on July 5 this year. Union Budget 2019 is likely to focus on infra development, providing tax relief to common man, resolving agrarian crisis, creation of jobs, disinvestment and fiscal consolidation.

If the value of insurance premium not subjected to tax is treated as exempt, the insurance companies will be liable to substantial tax credit reversals. It will lead to increased costs at a time when they are already under losses.

Increase in LTCG tax is expected to reduce gains in the benchmark  indices Sensex and Nifty this year. While Sensex has gained 9.55% since the beginning of this year, Nifty is not far behind logging 8.77% rise during the same period.