UNION BUDGET 2016-2017: Sensex Nifty is in down trend

The market is gradually recovering as the Sensex is down 80.74 points or 0.3 percent at 23073.56. The Nifty is down 23.10 points or 0.3 percent at 7006.65.

 Tata Steel, ICICI Bank, SBI, Reliance and Dr Reddy's Labs are top gainers while ITC, Maruti, Wipro, HUL and Cipla are major losers in the Sensex.

UNION BUDGET 2016-2017:

FY17 Tax revenue seen at Rs 16.3 lakh crore 

FY17 corporate tax revenue seen at Rs 4.94 lakh crore 

FY17 corporate tax revenue seen at Rs 4.94 lakh crore 

FY17 Petroleum subsidy seen at Rs 26,900 cr 

FY17 Food subsidy seen at Rs 1.35 lakh crore April-Jan total spending at Rs 14.36 lakh crore 

FY17 total subsidy seen at Rs 2.5 lakh crore 

FY17 strategic stake sale seen at Rs 20,500 crore 

FY17 Divestment target at Rs 36,000 crore

 The market is gradually recovering as the Sensex is down 80.74 points or 0.3 percent at 23073.56. The Nifty is down 23.10 points or 0.3 percent at 7006.65. About 871 shares have advanced, 1342 shares declined, and 147 shares are unchanged. Tata Steel, ICICI Bank, SBI, Reliance and Dr Reddy's Labs are top gainers while ITC, Maruti, Wipro, HUL and Cipla are major losers in the Sensex. FY17 Tax revenue seen at Rs 16.3 lakh crore FY17 corporate tax revenue seen at Rs 4.94 lakh crore FY17 corporate tax revenue seen at Rs 4.94 lakh crore FY17 Petroleum subsidy seen at Rs 26,900 cr FY17 Food subsidy seen at Rs 1.35 lakh crore April-Jan total spending at Rs 14.36 lakh crore FY17 total subsidy seen at Rs 2.5 lakh crore FY17 strategic stake sale seen at Rs 20,500 crore FY17 Divestment target at Rs 36,000 crore

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