Benchmark indices turned lower amid volatility ahead of Budget 2019.
The BSE Sensex was down 37.10 points at 39,870.96 and the Nifty50 fell 19.10 points to 11,927.70.
The Government could also try and stimulate the economy by increasing the tax breaks available for interest paid on housing loans which would lower taxable income in the hands of the salaried class. It would serve the dual purpose of boosting consumption demand as well as stimulating the housing sector which has been going through a slump." Angel Broking said.
Sobha, Godrej Properties, paints, plywood tiles and cement stocks are in focus.
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