Stock Market Today: Market analysts say wild swings in benchmarks are expected.
The S&P BSE Sensex and NSE Nifty extended declines after the Budget 2019 dashed hopes of some market participants who were expecting a lower corporate tax incidence for large companies.The Sensex fell as much as 591 points from day's high and the Nifty 50 Index dropped below 11,800. Selling pressure was broad-based after the Union Budget speech with metal, power, realty, IT and auto shares were witnessing intense selling. Among the Sensex basket of shares 25 were declining while 5 were among the gainers. TCS, ITC, Reliance Industries, HDFC Bank and Infosys were among the biggest drags on the benchmarks.