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The Nifty Realty index was trading 0.57 per cent down at 947.1.

Saurabh Mukherjea praises the latest Budget for its pro-poor, pro-middle class, and pro-SME stance, highlighting significant tax cuts and increased revenue expenditure. He emphasizes the strategic shift from capital expenditure to consumer-focused policies, which he believes will stimulate economic growth and benefit sectors like FMCG, apparel, and auto. This Budget could positively impact investor confidence and market performance.

ITC, Godfrey Phillips, and VST Industries shares are poised for gains as excise duties on cigarettes remain unchanged in the 2025-26 Union Budget. ITC s shares boosted by personal tax cuts and a stable tax environment. Analysts maintain a positive outlook for ITC, expecting earnings visibility and moderate tax pressure.

The Budget has been praised by Atul Lall, VC & MD of Dixon Tech, for its favorable impact on the electronics industry. Key measures include the rationalization of the duty structure for IFPD, reduction of duties on mobile components, and regulatory reliefs. These changes are anticipated to significantly boost manufacturing and overall industry growth.

KV Subramanian, IMF Executive Director, highlights that the finance minister s tax cuts will put Rs 1 lakh crore into the middle class s hands, potentially boosting GDP growth by 2.7%, making an overall growth rate of around 8%. Additionally, key focuses include clean tech, MSMEs, innovation, and addressing capacity constraints in capital expenditures.

Axis Securities maintains its buy call on Jyothy Labs with a target price of Rs 450, despite reducing EPS estimates by 1-6% for FY25/FY26 due to short-term challenges. Jyothy Labs reported a consolidated total income of Rs 718.30 crore and a net profit of Rs 87.40 crore for the quarter ending 31-Dec-2024.

The revised tax slabs are expected to boost disposable income, aiding a widespread recovery in consumption. Staple goods companies are likely to benefit the most, as consumers are expected to spend more on essentials. Other sectors, such as quick-service restaurants (QSR), innerwear, and liquor, should also see a rise in demand.

Shein, now based in Singapore, is offering affordable fast fashion in India. Two years ago, Reliance Retail Ventures Ltd partnered with Shein to sell its products in the country. In a written response to the Lok Sabha last month, Commerce and Industry Minister Piyush Goyal clarified that an indigenous retail platform would host Shein’s operations in India.

Oil prices rose on Monday as President Trump imposed tariffs on Canada, Mexico, and China, sparking fears of supply disruption from key suppliers. U.S. crude futures increased by 2%, while Brent crude saw an 0.8% rise. The tariffs could impact fuel demand and refine profitability in the U.S.