The banking benchmark index, Bank Nifty slipped below its 200-DMA for the first time since October 17, 2019 after Union Budget speech. The price action formed a sizable bearish candle carrying lower high and lower low, in comparison to its prior bar.

The stock of DLF Limited forms an evening doji star candlestick pattern on the weekly time frame. Evening doji star is a reversal candlestick pattern, which is bearish in nature and appears at the end of an uptrend.

With this boost given to fishery sector, the rural income would get enhanced. Also, India exports fish to almost 75 countries, which accounts to nearly 10 per cent of the total export. Hence, this budget announcement would further open new opportunities for the companies engaged in the fishery business.

Sensex was opened today, despite being Saturday, as Union Budget was tabled but it seemed that the Sensex is not impressed by the Budget, since it slashed more than 987 points and ended at 39,735.53 levels, down by 2.43 per cent while, Nifty closed at 11,661.85 levels, down by 2.51 per cent.

In the Budget speech 2020, the Finance Minister mentions of disinvestment in Life Insurance Corporation (LIC) through IPO.
LIC is an Indian state-owned insurance group and the investment corporation, owned by Government of India

The Budget 2020 has proposed a new personal tax regime with new income tax slabs. Read on to find out more.

The abolition of dividend distribution tax will encourage companies to increase their dividend. Read on to find how will it impact retail investors and list of companies that have consistently increased their dividend percentage.

The Finance Minister also threw light on higher agricultural credit. The target is to take total agriculture to Rs 15 lakh crore in FY21 from Rs 12 lakh crore in FY20.