What are the key points of budget which took nifty 400 points down on 1st feb?

General
1

What are the key points of budget which took nifty 400 points down on 1st feb? and why?

2

Honestly budget was very good.

3

  1. No concession on LTCG, when most market participants expected it

  2. Income tax cut comes across as more of a gimmick than real measure

  3. Hampering Insurance Cos by discouraging Section 80C deduction

  4. Realty Sector - No measures taken which were expected

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