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Markets cautious on Union Budget day: Sensex opens flat, Nifty hovers at 21,750
On Union Budget day, Sensex opens flat at 71,760, Nifty nears 21,730
Indian shares were muted on Thursday as investors awaited the interim Union budget, while Paytm shares tanked after the Indian central bank restricted its unit from accepting fresh deposits and credit transactions.
The NSE Nifty 50 index was mostly unchanged at 21,737, as of 9:16 a.m IST, and the S&P BSE Sensex was up 0.1% to 71,817.
ALSO READ- Paytm shares drop 20% in early trade, day after RBI action on its payment bank
Finance Minister Nirmala Sitharaman will announce the budget for the financial year 2024/25, which starts on April 1, at 11 a.m IST.
Shares of fintech firm Paytm tanked 20% after the Reserve Bank of India restricted Paytm Payments Bank from fresh deposits and credit transactions across its services due to supervisory concerns.
