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Business Headlines: Why the budget spooked the market?


Ever since the budget announcement on Friday the biggest casualty has been the stock market. So nervous were our indices on Monday that they wiped out ₹ 3.4 Trillion in investor wealth in a single day. We tell you why. The Delhi High Court on Tuesday refused to allow Jet Airways founder Naresh Goyal to go abroad and told him to deposit a ₹ 18,000 crore guarantee if he wants to travel to a foreign country. The government has announced an ambitious disinvestment target of ₹ 1.05 Trillion this year and the centrepiece of this target is the country’s national carrier Air India. #Budget2019 #StockMarket #NareshGoyal

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