Finance Minister Nirmala Sitharaman presented the Union Budget 2024, focusing on various sectors to boost economic growth, support MSMEs, and enhance the welfare of the common citizen. Here are the key highlights and analysis of the budget: Income Tax Reforms One of the most anticipated announcements was the revision of the income tax slabs under…
In the Stock Market Today, Nifty and Sensex drop on Budget day due to LTCG and STCG hikes; real estate dips while FMCG and IT sectors rise.
In the Stock Market Today, Sensex drops 79.43 points; Nifty ends below 24,509. There has been a decline in the media, banking, IT, real estate, and FMCG sectors.
As Budget Day nears, market participants are closely watching the NIFTY and BANK NIFTY indices, considering historical trends for July 23.
Stock market typically show volatility after the Union Budget as investors react to new policies and announcements. Based on the past two decades, traders tend to wait about 7-8 days after the budget before actively entering the stock market. They take this time to fully grasp how the budget will affect trading, leading to a…
In the Stock Market Today, Sensex drops 750 points; Nifty ends below 24,550. Ultratech and BPCL fall 3% on Q1 results, while Infosys gains 2%.