Mumbai, Ju1 8 (UNI) The bencmark index of Bombay Stock Exchange

(BSE) extended losses for second consecutive day on Monday when it

slumped by 792.82 points in the biggest single-day-fall in last four

years to end negative at 38,720.57, amid heavy sell-off in global

equities as well as lacklustre Union Budget 2019.

The Nifty of National Stock Exchange (NSE) too fell by 252.55

points to 11,558.60.

The presentation of Union Budget 2019 on Friday last triggered the

fall as it failed to cheers investors. Proposals like surcharge on

high income generating groups, increased threshold of minority

shareholding from 25 per cent to 35 per cent and no specific

announcement to revive consumption dampened investors' sentiment.

The Sensex opened in red by 37 points at 39,476.38 and then

plummeted by 908 points to hit the day's low at 38,605.48, before

closing at 38,720.57, down by 792.82 points versus its previous

close.

The Nifty recorded the day's high and low at 11,771.90 and 11,523.30

points.

The sectoral indices like Power, Realty, Capital Goods, Auto,

Industrials, Materials, Consumer Discretionarry Goods & Services,

Finance and Bankex fell today, along with scrips of Bajaj Finance,

ONGC, Hero MotoCorp, Maruti Suzuki and NTPC.

The broader markets underperformed the Sensex, as the S&P BSE Mid-

Cap and Small-Cap shed by 1.99 per cent and by 2.46 pc, respectively.

The market breadth was weaker on BSE, as 575 shares advanced against

1,950 declined and 144 were unchanged.

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