Among stocks, Yes Bank continued its downward slide and dipped 2 per cent lower at Rs 84.05 per share. In the auto sector, Mahindra & Mahindra and Hero MotoCorp between 1.3 per cent and 1.9 per cent respectively.

Yes Bank was up 4.1 per cent, Sun Pharma 3.3 per cent, Tata Motors 1.6 per cent and Dr Reddy 1.5 per cent. Eicher Motors, Bajaj Auto, Grasim, Maruti and UltraTech Cement also show marginal gains.

Equities closed with a negative note on Friday after giving up intra-day gains. BSE S&P Sensex closed 87 points lower at 38,736 while the Nifty 50 was down 30 points at 11,553.

Among stocks, Wipro slipped 2.2 per cent to Rs 261.85 per share while JSW Steel was down 1.6 per cent to Rs 262.90 apiece. Bharti Airtel, Tata Motors and Indiabulls Housing Finance also traded in the red.

Among stocks, JSW Steel gained 3.5 per cent to Rs 263.90 per share while Tata Steel was up 2.4 per cent to Rs 465.90 apiece. Mining major Vedanta was up 3.1 per cent as Hindalco gained by 2 per cent.

Nifty FMCG, IT, financial services and banks were in the red while auto, metal and realty in the positive territory. Nifty pharma moved up over one per cent.

It was the new government's first budget, which came a day after the Economic Survey projected GDP growth rebounding from a five-year low to 7 per cent in the current financial year 2019-20.

Both Sensex and Nifty were seen extending losses sometime ago. Sensex was trading 164 points below while Nifty went down the 11,900 mark.

Among stocks, Indiabulls Housing Finance gained nearly 4 per cent while UPL was up over 2 per cent. Eicher Motors, Yes Bank and State Bank of India also gained between 1.2 to 1.7 per cent

At 10:15 am, the BSE S&P Sensex was down 104 points at 39,583 while the Nifty 50 shed 30 points to 11,833. Except for FMCG, IT and metal, all sectoral indices at the National Stock Exchange were in the negative territory. Nifty realty was down over 1.4 per cent.