India's benchmark BSE Sensex fell 363 points as finance minister Nirmala Sitharaman announced the tax policy and levied additional excise on petrol and diesel.
The Sensex had opened over the 40,000-mark before the Budget presentation on Friday but began to slide in the latter half of the Budget speech while remaining flat for the early part of the Budget speech by Sitharaman.
Six of the 11 sectoral indexes compiled by the NSE were in the red, with the Nifty metal index among the top drags, falling as much 1.6 per cent while 13 of the 19 sectoral indexes compiled by BSE were trading lower.
The 10-year benchmark government bond yield fell to 6.60 per cent, compared with 6.75 per cent before the Budget.
The rupee strengthened to 68.59 from 68.70.
Six of the 11 sectoral indexes compiled by the NSE were in the red, with the Nifty metal index among the top drags