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Market breadth was skewed in favour buyers. Around 2,084 stocks advanced, 1,826 stocks declined, and 127 stocks remained unchanged on BSE.
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.
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
Budget 2025: L&T, NCC, Other Road Construction Firms' Shares Fall As Capex Allocation Disappoints
Budget 2025: ITC, Godfrey Philips, VST Industries Shares Gain As Government Keeps Tobacco Tax Unchanged
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 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
Budget 2025: FM Nirmala Sitharaman Announces AI Centre Of Excellence
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.
Nirmala Sitharaman Begins Speech In Lok Sabha Amid Ruckus
For updates, click here.
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.
Jupiter Wagons To IRCTC: Railway Stocks Gain Ahead Of Budget 2025
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?
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.
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.
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.
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.
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
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.
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.
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.
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
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