Sensex falls 400 pts, Nifty below 9,850
Monday,
25-Sep-2017
02:14 PM (IST)
The benchmark indices extended losses on Monday with the Nifty50 breaching its crucial 9,850 mark as investors turned jittery as they expect government to tinker with its fiscal deficit target for FY18 by announcing an economic stimulus to revive the economy. Prime Minister Narendra Modi might announce a package later today for power, housing and social welfare programmes to generate jobs and perk up demand. The package is being pegged at Rs 40,000-50,000 crore. Sentiment turned cautious also on account of the derivatives expiry due on Thursday and the recent spike in tensions on the Korean peninsula. Overseas, Asian markets were trading mixed, while the euro slipped after German Chancellor Angela Merkel won a fourth term in a weekend election, but faced leading a much less stable coalition in a fractured parliament as support for the far-right party surged.
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