Sensex tanks 291 pts to 3-mth low as budget disappoints

February 28, 2013 17:50

In the worst Budget day show since 2009, the BSE benchmark Sensex today tanked 291 points to end below 19,000-level, as the government slapped more taxes on companies as well as super-rich and offered little concessions for large investors.

The 30-share gauge resumed higher and touched a high of 19,332.28, up by almost 170 points. However, as Budget proposals started trickling in, Sensex turned volatile. It fell sharply to settle at 18,861.54, a loss of 290.87 points or 1.52 per cent. This is the lowest close since 18,842.08 on November 27, 2012.

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