Article by Hiral Vilas
Today’s Union Budget 2014 by Finance Minister Arun Jaitley was unable to impress investors at large and found budget non-investor friendly as no major announcements came from Finance Minstry. After initial rise BSE Sensex dropped by 72.06 points and closed at 25,372.75 points after swinging 800 points from its intra-day high to low. Nifty closed 17.25 points lower at 7,567.75 points.
Even, Europe market remained weak hurt by weak economic data from Italy and rising concern about the financial health of Portugal’s major bank Banco Espirito Santo. These developments overshadowed the budget developments at home.
