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The Nifty closed 26 points lower on Budget day amid high volatility. Analysts see strong support at 23,300, with resistance at 23,500–23,600. A decisive breakout could push Nifty toward 24,000, while a drop below 23,280 may trigger panic.

The government’s proposal to allow 100% FDI in the insurance sector will attract global insurers, boosting employment and increasing insurance penetration. New entrants will expand into untapped markets, strengthening their customer base while enhancing life and asset protection for Indian citizens. This move is expected to drive economic growth and improve financial security across the country.

Budget 2025: The Union Budget 2025 keeps existing crypto tax rules unchanged, maintaining the 1% TDS and loss offset restrictions. Industry leaders express concerns over investor challenges, talent migration, and heavy taxation, while regulatory updates signal a step toward formal governance.

Ashishkumar Chauhan of NSE praises the Budget, highlighting its tax relief for the middle class, increase in capital expenditure to Rs 11.2 lakh crore, and control of fiscal deficit at 4.4%. He appreciates the balance between growth-oriented measures and fiscal responsibility, giving the Budget a perfect score of 10 out of 10.

Budget 2025 prioritizes consumption over capex, impacting market trends. Tax relief boosts disposable income, benefiting FMCG and retail stocks, while infrastructure and capital goods decline. Analysts stress fiscal prudence, RBI policies, and global factors in shaping long-term market momentum.

Sensex and Nifty closed flat Saturday as gains in consumption stocks from tax cuts were offset by infrastructure losses after a modest capex hike.

Ravi Dharamshi of ValueQuest Investment Advisors highlights real wages below pre-COVID levels and the necessity of supporting consumers in the Budget. He emphasizes the importance of private investment and real estate in sustaining economic momentum. There is an observable shift in market focus from capex to consumption-related themes, warranting cautious investments in consumption stocks.

The budget continues the trend of fiscal prudence with a focus on reducing fiscal deficits over the next six years. While there is a short-term boost to consumer relief, there is a slight reduction in capital expenditure, impacting market sentiment towards capex stocks.