Budget blues keep markets down
Mumbai: Since the announcement of the union budget, the markets have seen turnover drop drastically in the last one month. The BSE index has lost over 480 points in the same period.

There were several other factors which influenced the downtrend -- a falling Nasdaq, which has increasingly begun to influence Indian bourses, profit booking by investors ahead of the financial year ending and a rash of IPOs which saw investible funds being diverted to the primary market instead of the secondary market.
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