A day after budget, Sensex loses 840 points, Nifty almost 300 - 30-share BSE Sensex closed 839- Navbharat Times Photodhamal

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30-share BSE Sensex closed 839.91 points below previous closing point on 35,066.75 while the broader 50-share NSE Nifty tanked 256.30 points to finish on 10,760.60. Both the indices tanked 2.30 per cent.

In This Pic : budget

Pic Courtesy : BCCL

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Analysts say the slump is a result of the introduction of LTCG tax+ has caused stir in the market which had been marching on a bull run till a couple of days ahead of budget. "Near term volatilities could be possible as market readjusts itself to budget announcements and LTCG as well", said Lakshmi Iyer ,CIO - Debt & Head - Products, Kotak Asset Management.

In This Pic : budget

Pic Courtesy : PTI

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Realty stocks bled the most as the sectoral sub-index more than 6 per cent. Bank, financial service and auto sub-indices lost more than 3 per cent. IT scrips held forte with Nifty IT finishing in the green.