NEW DELHI: Finance Minister Nirmala Sitharaman ’s Budget announcements failed to lift investor sentiment, with BSE Sensex tumbling over 1,000 points and Nifty slipping below the 11,650 mark.Going by the buzz on Dalal Street , here are five factors that hurt market sentiment:The Budget didn't have specific sops for any sector, be it auto or real estate, as widely expected to create demand in the economy and lift it out of the current slowdown. Vinod Nair, Head of Research at Geojit Financial Services, rated the Budget ‘below par’ considering that the market had very high expectations from the government. The support for the economy in terms of more spending was lacking in details, he said.There was some disappointment over the removal of all the exemptions under Section 80C. Also, by giving the option to choose between old and new income-tax formats, things have got more complicated, analysts said. "While a new tax regime with lower tax rates has been introduced, the removal of all exemptions, including Section 80C exemptions, will water down its benefits. On top of it, the option to choose between the old or new income-tax regimes will complicate filing tax returns, which was already a complicated process for individual taxpayers,” said Ankur Choudhary, Co-Founder & CIO, Goalwise.com, a direct mutual fund investment platform.The market was largely expecting the Finance Minister to make some tweaks to long-term capital gains tax (LTCG). But there was no such announcement. Investors were expecting the government to either abolish the tax for equities or extend the tenure to two years from one at present. The government re-introduced LTCG in 2018 after a gap of 14 years. Analysts said it has caused significant confusion without yielding meaningful increase in tax collection.Given that even this year’s divestment proceeds will be much less than the Budget target of Rs 1.05 lakh crore, the Rs 2.10 lakh crore target for FY21 a bit too high, even if one includes the LIC stake sale. "LIC IPO might have been factored in, as the strategic divestment figures cannot go up so much,” said Rushmik Oza of Kotak Securities.Finance Minister Nirmala Sitharaman announced the abolition of dividend distribution tax (DDT), which will lead to a Rs 25,000 crore in revenue foregone. But dividends will now be taxed in the hands of recipients.“Abolishing of DDT and taxing it in the hands of the recipient will result in higher tax outgo for many retail investors. Currently, the effective DDT rate stands at 20.35 per cent (including surcharge and cess) this will increase substantially increase the tax outgo for retail investors in higher tax slab of 20 per cent (and more) and accordingly taken negatively by the equity markets," said Gaurav Dua of Sharekhan by BNP Paribas