The stock market has sunk since the announcement of the federal budget yesterday. The Bombay Stock Exchange index Sensex fell 987.96 points to 39,735.53. The National Stock Exchange index fell 300.25 points to 11,661.85. In all, the stock market in Mumbai is -26.6 percent and the national stock market is down-2.5 percent.
Experts say the stock market has collapsed as no major projects have been announced in the central budget. It was expected to announce a discount plan based on auto mobile and real estate. However, no significant plans for the central budget have been announced. In this case, the share price of the respective companies has decreased.