MUMBAI (Reuters) - The Sensex and Nifty ended lower in a volatile session as Finance Minister Arun Jaitley's pledge to narrow the fiscal deficit and open up sectors such as insurance and defence were offset by disappointment over the lack of major reforms.
Investors also booked profits, with some citing the lack of details on how the government would keep its promise to stick to the fiscal deficit target of 4.1 percent of gross domestic product for the year ending March 2015 set by the previous government.
The Sensex provisionally ended 0.63 percent lower at 25,284.47 points, while the broader Nifty closed down 0.23 percent at 7,567.75 points.
State Bank of India provisionally closed 2.1 percent lower while Hero MotoCorp ended down 3.46 percent.
(Reporting by Indulal PM; Editing by Sunil Nair)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app