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Sensex falls 107 points as Budget fails to cheer bulls; Nifty below 21,700
Indian equity market closed marginally lower as the finance minister presented the interim budget without major announcements. The government aims to narrow the fiscal deficit to 5.1% in FY2024-25 and reduce borrowings. Paytm's shares plunged after the Reserve Bank of India restricted its services. Nifty PSU Bank index was the top gainer. US Fed maintained rates, but a cut this year is expected.