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The Union Budget 2024 has measures for providing support to poor, women, youth and farmers. There is a provision of Rs 1.5 lakh crore towards education, employment and skilling. These measures augur well for the FMCG companies as they may result in more disposable income.

​By the way, MSMEs also the credit guarantee scheme as also the Mudra loan provision, which is the measures taken there, should also help the manufacturing sector. One important thing which I also mentioned which is that there are really no big bang things that you can see in the budget, but the FM has really focused on the fundamentals and on the macroeconomic stability for both the markets as well as the overall fiscal consolidation

The Nifty Realty index became the top sectoral loser today, falling by 2.3% as 9 out of 10 stocks ended the day in red, with Lodha being the top loser of the sector, dropping nearly 5%.

Ashish Chauhan thinks the hikes in STT and capital gains tax are lower than what most experts had expected and once people realise that the government wants people to invest more in the markets and capital formation – not in the speculative part, but in the investment part – they will start investing in the stock market.

Government allocates Rs 84,700 crore to PM Awas Yojana, Rs 19,000 crore to Pradhan Mantri Gram Sadak Yojana. Cement makers like Ultratech, Ambuja, Shree, JK to benefit. Rs 26,000 crore for Bihar highways, Rs 15,000 crore Andhra Pradesh package, Rs 24,900 crore for metro projects. 100 cities to receive water supply, sewage, and waste management projects.

Shares of railway stocks fell up to 8% on BSE today after the Union Budget disappointed the Street, with no sector-specific announcements or allocation by the Finance Minister Nirmala Sitharaman.

Led by ITC and Titan, the Sensex recovered from the shock of increased capital gains taxes in the Union Budget, closing 73 points lower on Tuesday. The Nifty 50 ended down 0.12% or 30 points at 24,479, while the Sensex closed flat, dipping 0.09% to 80,429.

In an ETMarkets live session, Saketh discussed Delta Exchange, crypto market volatility, straddle pricing, leverage, and high charges. He emphasized rapid premium adjustments, risk management, trader skepticism, starting with small investments, and a cautious approach in the evolving crypto market compared to traditional markets.

The government has made a provision of Rs 2.66 lakh crore for rural development including rural infrastructure. Finance Minister Nirmala Sitharaman, in her 7th Union Budget speech, also made a provision of Rs 1.52 lakh crore for agriculture and allied sector

Prashant Jain of 3P Investment Managers praised the Budget for equitable taxation, capex growth, and fiscal progress. Noting job creation, Rs 1 lakh crore for urban housing, and taxation reviews, he emphasized the ease of doing business and the small midcaps market correction. Despite high risk-reward in manufacturing and defense, Jain sees continued potential in PSUs and power sectors.