Mumbai: In the Union Budget presented for the full year 2025-26 of the Modi 3.0 government, Finance Minister Nirmala Sitharaman has announced a big relief in income tax for the middle class struggling with inflation in the country, so that one lakh crore rupees for him Have become available. Reducing expenditure in taxpayers’ hands and reducing capital profit tax or securities transactions. With no increase in STT, no-negative, presenting maximum positive budget, investors, players, funds today supported the market by reducing the market in Indian stock markets. After the four-day budget-east boom, funds and experts today returned after intraday shaking and bought good stocks. The market welcomed the budget in such a way that it has shown the government’s commitment to further the economic liberalization by bringing a provision to increase the FDI (FDI) in the insurance sector from 74 percent to 100 percent, and the expenditure on many schemes Provision has been made to carry forward the mission of public welfare by continuing. , Which includes affordable housing.
Consumer index boom
Due to positive developments, consumer durable shares increased today. People hope that the purchase of consumer sustainable goods and other items will increase in the coming days, as the income tax has been increased by providing great relief to the middle class. The BSE Consumer Durables Index rose 1431.17 points to close at 59283.06. Blue Star rose by Rs 239.55 to Rs 2057.85, Crumpton increased by Rs 26.50 to Rs 369.45, Havells increased by Rs 89.85 to Rs 1656.50, Voltas increased by Rs 64.40 to Rs 1325.35.
1948 marks decline in capital goods index
In this budget, due to no direct encouragement for the infrastructure sector and no new provision for the power sector, the stocks of capital goods faded a boom. The BSE Capital Goods Index fell 1948.04 points to close at 62581.73. Rail Development Corporation fell at Rs 43 to Rs 433.45, Titagrah fell by Rs 64.95 to Rs 954.95, ABB India fell by Rs 372.30 to Rs 5503.45, Siemens fell by Rs 328.25 to Rs 5751.05, Power India fell by Rs 634.90 to Rs 12,200 to Rs 95.377 However, Cummins India fell by Rs 117.80 to Rs 2798.95, BHEL fell by Rs 8.30 to Rs 199.85.
Bounce in IT shares
Promotion of AI-Artificial Intelligence in the budget and incentive provision for IIT expansion today remained attractive to select IT stocks. Of course, the leading stocks led to profits. Jensar Technology rose by Rs 98 to Rs 967.40, genesis international increased to Rs 915.70, Gigal Prepaid increased by Rs 22 to Rs 462.90, D-Link India increased by Rs 21.80 to Rs 462.90. 506. While Vakrangi fell by Rs 1.20 to Rs 22.83, signati technology fell by Rs 42.20 to Rs 1439.95, 63 Moons fell by Rs 21.35 to Rs 731.10, Oracle Finserv fell by Rs 228.30 to Rs 8897.65. Wipro declined by Rs 7.05 to Rs 304.95, HCL technology decreased by Rs 32.20 to Rs 1693, Tech Mahindra decreased by Rs 28.55 to Rs 1645.90, percentage system decreased by Rs 98.30 to Rs 5936.10.
FII sold a net selling of Rs 1327 crore
FII sold cash worth Rs 1327.09 crore on Saturday. While DII-Ghrelu institutional investors today made a net purchase of Rs 824.38 crore in cash.
