Budget 2020: Sensex down ahead of budget announcement

Mumbai The share market benchmark Sensex and Nifty opened on a negative note on Saturday as investors turned cautious ahead of the release of the Union Budget 2020 to be presented by Finance Minister Nirmala Sitharaman later in the day.

The BSE Sensex slipped 279 points at 40,444 while Nifty fell 81 points at 11,880 in the opening session.

Earlier today, the markets had opened on a positive note amid optimism over the government fulling expectations in several sectors like auto, infrastructure, tax, healthcare, among others in the upcoming budget.