The Sensex provisionally closed (at 3.30 p.m.) at 34,195.94 points - down 561.22 points or 1.61 per cent - from its previous close at 34,757.16 points. The budget proposes to bring back a long-term capital gains tax or LTCG on equity investments, a tax on dividend distribution and also spending steps that will widen the fiscal deficit.
Overseas, European and Asian stocks tanked following a sharp sell-off on Wall Street.
In the morning trade, the Sensex fell over 1,200 points and Nifty50 dipping below 10,300 points, biggest falls in six-and-half years after the US wage data on Friday pointed to quickening inflation which may lead to higher rates by the US Federal Reserve.
Taiwan shares lost 5%, its biggest since in 2011 and Hong Kong's Hang Seng Index dropped 4.2%.
Bajaj Fin (+4%), Indiabulls HF (+1.5%), ICICI Bank (+1%), Eicher (+0.99%) and Tata Steel (+0.82%) were the top gainers on the NSE. As many as 13 per cent felt the fall could be steeper at 10 per cent.
Broadcom Raises Offer for Qualcomm
The bid was meant to bring Qualcomm back to the negotiating table, ahead of Qualcomm's shareholder meeting on March 6 . It has also proposed to pay Qualcomm a "reverse termination fee" of up to $10 billion if regulators block the deal.
New leaked details emerge about Red Dead Redemption 2
Battle Royale is now in vogue, and has seen mainstream appeal thanks to games like PlayerUnknown's Battlegrounds and Fortnite . For example, there's a new Slums Market where players will be able to purchase new equipment for a reduced price.
Nifty 50 fell 186.50 points or 1.75 percent to 10,480.
In intraday trade, Sensex slumped almost 1,274.35 points to 33,482.81 points, while Nifty declined 371.40 points to 10,295.15.
It also added, "The President's tax cuts and regulatory reforms will further enhance the USA economy and continue to increase prosperity".
Indian stock markets were already under pressure after the government re-introduced LTCG-tax on equities in Budget-2018.
Commenting on the market crash, Finance and Revenue Secretary Hasmukh Adhia said that the domestic market was mimicking weakness in global markets and it can not be attributed to LTCG tax levied in the Budget. According to reports, Dow notched its biggest intraday decline in history with a almost 1,600-point drop while Wall Street erased its gains for the year, said Reuters.
DayZ Will Make Its Way to Xbox One and PlayStation 4
The game's become so popular that Microsoft's gone ahead and integrated the game with the system itself - in the same box, anyway. As a timed Xbox exclusive, " PUBG " fans will have to do with either a PC or Xbox One version of the game, at least for now.
Poland could amend Holocaust bill, says minister
Duda has attempted to ease some of the tension by suggesting a constitutional review of the law by Poland's top court. He added that he would ask the Constitutional Tribunal for a number of clarifications about the bill.
Kenya government allows 2 TV stations to resume broadcasting
Also on Monday, police teargassed demonstrators demanding the stations reopen as they tried to march on government offices. Isaac Okero, president of the Law Society of Kenya, told reporters: "Once again the state is wilfully violating Mr.
Snow to hit NE Ohio during the Super Bowl
While not much accumulation is expected today , there is a possibility of 1 to 2 inches tonight and that same amount Wednesday . It should remain as mostly all snow in those parts, although a wintry mix in some northern spots can not be ruled out.