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Shares edge lower ahead of Modi govt’s maiden Union Budget

ITC falls 0.7 percent while Mahindra and Mahindra is down 1.5 percent.

By: Press Trust of India | Mumbai | Updated: July 10, 2014 10:40 am
FM Arun Jaitley while giving final touches to the Annual Budget 2014-15 in New Delhi on Wednesday. (PTI) FM Arun Jaitley while giving final touches to the Annual Budget 2014-15 in New Delhi on Wednesday. (PTI)

NSE Nifty index is 0.15 percent lower ahead of the Narendra Modi government’s maiden Union Budget at 11 a.m. (0530 GMT).

Fiscal deficit, disinvestment and market borrowing numbers would be critical, investors say.

ITC falls 0.7 percent while Mahindra and Mahindra is down 1.5 percent.

Also read: Arun Jaitley’s Journey

Shares of Oil and Natural Gas Corp and Coal India would be on watch for disinvestment, traders say.

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