KEY HIGHLIGHTS
Nifty, Sensex End Budget Day On Muted Note; L&T, Infosys Top Draggers: Closing Bell
The NSE Nifty 50 and BSE Sensex ended the Budget day on a muted note as traders assessed the impact of announcements in budget by the Finance Minister Nirmala Sitharaman.
The Nifty 50 ended 0.11% or 26.25 points down at 23,481.15, and the Sensex ended 0.01% or 5.39% higher at 77,505.96 Saturday.
During the speech of Sitharaman, the Indian benchmarks erased morning gains and fell to the day's low. The Nifty 50 declined 0.81% to 23,318.30, and the Sensex fell 0.64% to 77,006.47.
The most appreciated announcement budget is raising the tax slab to Rs 12 lakh per annum income from Rs 7 lakh per annum. The new tax slab is only applicable for New Tax regime.
“This budget puts more money in people’s hands, which should give a solid boost to consumption, consumer durables, and tourism. The MSME sector incentives will boost manufacturing. Manufacturers of lithium-ion batteries and electronics, thanks to lower import duties will also be benefited. The big push on shipping—especially inland shipping—will give the industry a much-needed boost. Plus, with a lower fiscal deficit, we could see interest rates come down, making room for potential rate cuts. That, in turn, should spur private capex and encourage more lending by banks and NBFCs, further driving economic growth," said Deepak Shenoy, CEO and founder, Capitalmind.
Larsen & Toubro Ltd., Infosys Ltd., HDFC Bank Ltd., Power Grid Corp of India, and Tata Consultancy Services Ltd. weighed on the Nifty 50 index.
ITC Ltd., Trent Ltd., Maruti Suzuki India Ltd., Mahindra & Mahindra Ltd., and Bajaj Auto Ltd. limited losses on the Nifty 50 index.
On NSE, eight sectors declined, four advanced out of 12. The NSE Energy declined the most, and the NSE Realty advanced the most, and the NSE Nifty Realty advanced the most.
Broader markets ended on a mixed note. The BSE Midcap ended 0.49% down, and the BSE Smallcap ended 0.28% higher.
On BSE, 13 sectors declined, eight advanced. The BSE Industrial declined the most, and the BSE FMCG rose the most.
Market breadth was skewed in favour buyers. Around 2,084 stocks advanced, 1,826 stocks declined, and 127 stocks remained unchanged on BSE.
Market At Close
The NSE Nifty 50 and BSE Sensex ended little changed on special budget trading session Saturday.
The Nifty 50 ended 0.11% down and Senex ended 0.01% higher.
Power Grid Corp, Bharat Electronics Ltd. were top loser in the Nifty 50 index.
Trent Ltd., and Maruti Suzuki India Ltd. were top gainers in the Nifty 50 index.
The NSE Nifty Midcap 150 ended 0.39% down, and NSE Nifty Smallcap ended 0.66% higher.
Stock Market Live: Aditya Birla Sun Life's Rs 534 Crore Tax Demand Stayed By Assessing Officer
The Assessing Officer has stayed an outstanding tax demand of Rs 534 crore against Aditya Birla Sun Life Insurance, according to an exchange filing. The company's Aditya Birla Sun Life Insurance had appealed against an assessment order worth Rs 546 crore
L&T, NCC, Other Road Construction Firms' Shares Fall As Capex Allocation Disappoints
Shares of Larsen & Toubro Ltd., IRB Infrastructure Developers Ltd., Ashoka Buildcon Ltd., PNC Infratech Ltd., Dilip Buildcon Ltd. and NCC Ltd. slid on Saturday after Finance Minister Nirmala Sitharaman announced Rs 10.2 lakh crore towards capital expenditure in Union Budget 2025–26. This marks an 8.4% decrease from last year's allocation of Rs 11.1 lakh crore.
Stock Market Live Updates: Swiggy & Zomato Share Prices Rises As Benefits Extended To Gig Workers
Swiggy Ltd. and Zomato Ltd. share prices advanced on Saturday as the Government of India extended benefits and social security covers to gig workers.
Finance Minister Nirmala Sitharaman said that gig workers of online portal will be given identity cards and registration via e-shram portal. They will also get healthcare benefits under PM Jan Arogya Yojana. These benefits is expected to benefit one crore workers.
ITC, Godfrey Philips, VST Industries Shares Gain As Government Keeps Tobacco Tax Unchanged
Shares of ITC Ltd., Godfrey Phillips Ltd., VST Industries Ltd., and other tobacco manufacturing companies advanced on Saturday, as the government announced that tax rates on tobacco products will remain unchanged, in the Union Budget 2025–26. There will be no increase in taxation on cigarettes in finance bill, Finance Minister Nirmala Sitharaman said.
Budget 2025: FMCG Stocks Outperform After Budget Speech
FMCG stocks rose after a major announcement as part of the Union Budget 2025, Finance Minister Nirmala Sitharaman on Saturday said that there will be no income tax payable up to the income of Rs 12 lakh.
In addition, ITC's stock price rise was also driven by no additional taxes on cigarettes.
Budget 2025: No Income Tax Up To Rs 12 Lakh, FM Announces
FM announced there will be no income tax levied on annual income up to Rs 12 lakh, Nirmala Sitharaman announced.
Read here.
Budget 2025: Finance Minister Announces Measures To Boost Merchandise Exports
Finance Minister Nirmala Sitharaman announced an export promotion mission with sectoral and ministerial targets in the budget on Saturday.
The mission will help facilitate easy access for export credit and MSMEs, along with other non tariff measures, and digital infrastructure for international orders, Sitharaman said. Trade and financing solutions proposed in the mission will complement the unified logistics platform, she said.
Budget 2025: Ola Electric, Amara Raja Shares Gain On Announcement For EV Battery Boost
Shares of Ola Electric Mobility Ltd., Exide Industries Ltd. and Amara Raja Batteries Ltd. rose on Saturday after the government announced a National Manufacturing Mission to support domestic manufacturing, including electric vehicle batteries, during the Union Budget 2025–26, presented by Finance Minister Nirmala Sitharaman.
Budget 2025 Stock Market Live: Nifty Bank Gives Up Gains; Falls Sharply
Nifty Bank tracked the fall in benchmarks and was sharply lower during FM's budget announcement.
Budget 2025 Stock Market Live: Nifty, Sensex Fall Sharply On L&T, ITC Losses
Nifty and Sensex saw sharp falls during FM Sithraman's budget speech.
Budget 2025: Finance Minister Announces New Classification Criteria For Small Industries
Finance Minister Nirmala Sitharaman said that turnover limits for being classified as micro, small and medium enterprises will be doubled. In her speech while presenting the 2025 Budget, Sitharaman said that the investment and turnover limit for classification of all MSMEs will be enhanced to 2.5 and 2 times, respectively.
Read here.
Budget 2025: India To Set Up National Manufacturing Mission
The government, in its Union Budget 2025-26, has proposed to set a National Manufacturing Mission to promote Make in India for the world.
The mission will support India’s energy transition by way of support for cleantech, building an ecosystem for solar cells, EV batteries, and high-voltage transmission equipment.
Budget 2025: Rallis India, UPL And More Crop Production Shares Gain On Dhan Dhanya Krishi Yojana, Urea Supply
Shares of Rallis India Ltd., UPL Ltd., and Coromandel International Ltd. advanced on Saturday as Finance Minister Nirmala Sitharaman presented the Union Budget 2025–26.
The finance minister stated that the government will undertake the PM Dhan Dhanya Krishi Yojana to enhance agriculture productivity and adopt crop diversification in her speech on the budget day.
Budget 2025: FM Nirmala Sitharaman Announces AI Centre Of Excellence
Finance Minister Nirmala Sitharaman presented the Union Budget 2025 today, and as anticipated, artificial intelligence was one of the focus areas for the technology sector. With AI projected to contribute $15.7 trillion to the global economy by 2030, tech sector leaders had Budget expectations with regard to subsidies, incentives, or grants developing AI-led solutions and organisations, along with skilling for AI.
Budget 2025: Waterbase, Apex Frozen Foods, Godrej Agrovet Share Prices Surge
Shares of animal aquaculture companies Godrej Agrovet Ltd., Waterbase Ltd. and Apex Frozen Foods Ltd., advanced on Saturday as the government announced framework and loan limit for the sector in Union Budget 2025–26.
During her budget speech, Finance Minister Nirmala Sitharaman announced that government will bring in enabling framework for sustainable harnessing of fisheries from Indian exclusive economic zones and high seas with special focus on Andaman & Nicobar, and Lakshadweep islands.
Budget 2025 Live: Footwear Stocks Rise As Govt Announces Focused Scheme For Sector
Sitharaman announced that a focused product scheme to be launched for footwear, leather sectors to create employment of 22 lakh and generate significant exports.
Budget 2025 Live: Agriculture Stocks Rise On PM Dhan Dhanya Krishi Yojana Announcement
PM Dhan Dhanya Krishi Yojana to enhance agri productivity, and adopt crop diversification. The scheme augments post-harvest storage at Panchayat, block level. It will also improve the availability of short-, and long-term credit and benefit 1.5 crore farmers. FM says the aim is to create ample opportunity for rural areas so migration is an option, not a necessity.
Budget 2025 Live: Irrigation Stocks Rise As FM Announces PM Dhan Dhanya Krishi Yojana
Finance Minister Nirmala Sitharaman announced PM Dhan Dhanya Krishi Yojana will benefit 17 million farmers encourage skilling in farm sector and bolster irrigation.
Budget 2025 Live: Nifty, Sensex Off Highs As FM Sitharaman Starts Budget Speech; Updates Here
Nirmala Sitharaman Begins Speech In Lok Sabha Amid Ruckus
For updates, click here.
Raamdeo Agrawal On Budget: Credit Flow Needs To Improve
Motilal Oswal's Raamdeo Agrawal said credit flow needs to improve and he will not prefer fiscal consolidation over growth. Infrastructure momentum should continue and should be higher compared to last year, he said.
Market is looking for earnings growth and aggregate earnings growth have now flattened, he said adding that if they don't increase, market will not be excited.
Stock Market LIVE: All Adani Group Shares Up Ahead Of Budget
All Adani group shares rose ahead of budget announcement with Adani Green and NDTV leading the gains.
Jupiter Wagons To IRCTC: Railway Stocks Gain Ahead Of Budget 2025
Railway stocks were trading in the green ahead of the Union Budget 2025, with investors showing optimism about potential capital expenditure boosts for the sector.
Leading the rally was Jupiter Wagons Ltd., which saw an intraday high of Rs 429.6 per share, marking a significant surge of 7.03%. The stock's 30-day average volume stands at 0.24 million.
Income Tax Slabs Budget 2025 Live: Tax Rate Cut Hopes High Ahead Of FM Sitharaman's 8th Budget
Click here for NDTV Profit's live blog coverage on income tax announcements in the Union Budget 2025, which will be presented today by Finance Minister Nirmala Sitharaman.
Speculations are rife that some relief could be on the cards for the middle class, as the government might look to raise the disposable income to address the lull in urban consumption. Will the tax rates be tweaked, or slabs be revised?
Auto Sales In January 2025: Rural To The Rescue
India's automakers are likely to show positive growth on the wholesales front in January 2025 due to a favourable base effect and greenshoots of a rural revival.
Passenger sales are likely to sustain their momentum, with mid-single digit growth, with Mahindra & Mahindra Ltd. leading the pack. Among the two-wheelers, Royal Enfield and TVS Motor Co. Ltd. are likely to outperform the industry with double-digit growth.
Stock Market LIVE: KPI Green Locked In Upper Circuit
KPI Green Energy share price rose to hit its upper circuit limit after along with its arm it commissioned 40.16 MW renewable power projects under Captive Power Producer segment, an exchange filing said.
Share Market Budget 2025 Live: Insurance Stocks Up
Insurance stocks rose with LIC rising the most by over 1%.
Share Market Budget 2025 Live: Defence Stocks Rise Ahead Of FM Sitharaman Speech
BEML and Hindustan Aeronautics led the rally in anticipation of positive announcement for the sector in the union budget.
Share Market Budget 2025 Live: Renewable Energy Stocks Rise Ahead Of FM's Speech
Inox Wind and Inox Wind Energy led the rally followed by KPI Green and Suzlon in anticipation of positive announcement for the sector in the union budget.
Stock Market Live: Nifty, Sensex Higher At Open Before Budget As Sun Pharma, Airtel Lead Gains
Benchmark equity indices continued their rise for another session ahead of budget announcement with Sun Pharma and Airtel leading the gains. But gains were capped by share prices of ICICI Bank and ONGC.
At pre-open, Nifty 50 was at 23528.60, up 0.09% or 20.20 points and Sensex was at 77637.01, up 0.18% or 136.44 points.
Broader indices outperformed with Nifty Smallcap 250 rising 0.5% and Nifty Midcap 100 rising 0.3%.
According to Hardik Matalia, derivative analyst at Choice Broking, traders need to remain cautious ahead of the Union Budget. "On the downside, 23,300 serves as an immediate support level, followed by the 23,200 mark," he said. "On the upside, immediate resistance is at 23,600, with a critical hurdle near 23,800."
A sustained close above these resistance levels could push the markets beyond the 24,000 mark, he added. However, buying on dips can be considered as long as the Nifty index holds above the 23,200 mark.
Share prices of L&T, Infosys, Titan Co. Ltd., Tata Consumer Products, and Maruti Suzuki contributed the most to gains. While those of ICICI Bank, HDFC Bank, NTPC, and Coal India weighed.
Most sectoral indices were up with Nifty Realty leading.
Budget 2025 Stock Market Live: Nifty, Sensex Higher At Pre-Open
At pre-open, Nifty 50 was at 23528.60, up 0.09% or 20.20 points and Sensex was at 77637.01, up 0.18% or 136.44 points.
Budget 2025 Stock Market Live: Fort Capital's Thakkar Says RBI Heavy Lifting Expected
Parag Thakkar, fund manager at Fort Capital prefers banks with low CD ratio among PSU Banks. PSU Banks never ventured into unsecured lending. He said he expects a lot of heavylifting to be done by RBI, which is doing its bit by infusing liquidity.
Budget 2025 Stock Market Live: No Money Can Be Made Around Such Events, Says Khemka
Not geared about such opportunities in the short-term Prashant Khemka told NDTV Profit. He further added that Budget is a very tightly held secret and no one knows what will come out of it.
"So not our view that money can be made, or trade can be made around events like budget," Khemka said on Saturday. He further said that he is expecting a lot of heavy lifting to be done by RBI.
Stock Market Live: Short-Term Capital Gains Tax In Focus
Apart from the personal income tax slabs, the focus of taxpayers during Finance Minister Nirmala Sitharaman's Union Budget 2025 speech would be on any potential revisions in the short-term capital gains tax. In the Budget 2024, the STCG tax was raised to 20% from 15%. This covers the gains made on listed equity shares and mutual funds, and units of business trusts held for a short-term period, i.e. less than 12 months.
Get live tax updates here.
Economic Survey 2025: Focus On Sustainably Improving Medium-Term Growth, Say Brokerages
The Economic Survey 2024-2025, released on Friday, has garnered significant attention from leading brokerages, highlighting the survey's emphasis on sustainably improving medium-term growth.
Analysts noted a focus on deregulation, fiscal consolidation, and the need for strategic policy measures to navigate global headwinds.
Gold Price At Rs 82,310 On Budget Day — Check Rates In Mumbai, Bengaluru, Delhi, Chennai And More
Gold price in India stood at Rs 82,310 per 10 grams as of 7:20 a.m. on Feb. 1, according to the India Bullion Association. Ahead of the Union Budget 2025, set to be announced by Finance Minister Nirmala Sitharaman starting at 11 a.m., the prices were on a steady rise as the changes in policy, stances and way ahead for sectors are awaited.
OMC Share Prices In Focus: BPCL, IOC, HPCL
Oil marketing companies have revised the prices of commercial LPG gas cylinders. The rate of 19 KG commercial LPG gas cylinders has been reduced by Rs 7 with effect from today. In Delhi, the retail sale price of a 19 kg commercial LPG cylinder is Rs 1,797 from today.
Stock Market Live: Marico, Hero MotoCorp, Nestle, ONGC, Vedanta On Brokerages' Radar
Marico Ltd., IndusInd Bank Ltd., Hero MotoCorp Ltd., Nestle India Ltd., Oil and Natural Gas Corp., and Vedanta Ltd. are among the top companies on brokerages' radar on Saturday, after they reported their third-quarter earnings.
Kotak Securities, Morgan Stanley and Macquarie have done a deep dive into the Indian economy, after the 2024-2025 Economic Survey was released by India's Chief Economic Advisor V. Anantha Nageswaran.
Read full story here.
Budget 2025 Live Updates: Nirmala Sitharaman To Present Record Eighth Budget; Stock Market To Remain Open
Finance Minister Nirmala Sitharaman will present the second full budget of the third NDA government. The alliance returned to power in the 2024 general elections.
US Market Close: Indices End Lower
US indices gave up their earlier gains, after White House announced on Friday afternoon that the president’s tariffs will be available for public inspection at some point Saturday. S&P 500 closed down 0.50% at 6,040.53, while Dow Jones fell 0.75% to 44,544.66, and Nasdaq Composite was down 0.28% at 19,627.44.
Brokerages On Economic Survey
Kotak Securities
FY2025 Economic Survey: Batting for deregulation and reforms
Real GDP growth pegged at 6.3-6.8% in FY2026
Deregulation and economic freedom as catalysts for growth
Inflation easing; upside risk remains
External sector dynamics are shifting
Morgan Stanley
Economic Survey FY25 – Focus on Sustainably Improving Medium-term Growth
Survey provides an intent for reforms the government should implement and should be viewed as a recommendation for policy steps
Believe the budget will likely be guided by gradual pace of fiscal consolidation, focus on capex and policy measures to improve medium-term growth potential
Expect fiscal deficit to be pegged at 4.5% of GDP for FY26 with capex growth outpacing revenue expenditure growth
Macquarie
Muted recovery in growth for FY26E
Rural economy is doing fine; urban economy showing mixed trends
Comfortable on FX position, corporate bond markets deepening - more to go
Deregulation is the way forward
More job creation and skilling, and preparing for an AI world
To achieve the goal of being a Viksit Bharat by 2047, India needs to grow at 8% for the next couple of decades
Stock Market Live: Eyes On Nifty, Sensex Ahead Of Budget; IndusInd Bank, ONGC, GAIL In Focus
A day before budget 2025, the Indian equity benchmark indices closed higher four days in a row, but extended their monthly losing streak. The NSE Nifty 50 ended 260.05 points, or 1.12% up at 23,509.55, and the 30-stock BSE Sensex ended 740.76 points, or 0.97% higher at 77,500.57 on Friday.
Markets in India are open on Saturday, as Finance Minister Nirmala Sitharaman will announce the Budget 2025.
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