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Atul Lall, VC & MD, Dixon Tech, says the Budget is positive for the electronics industry. They had sought simplifying the duty structure for IFPD, and that has been achieved. Lall believes this will greatly boost IFPD manufacturing. Additionally, they had requested the reduction or elimination of certain duties on mobile components from 2.5% to 0%, and that has also been accomplished. They have lowered the duty on inputs for open cells, and agreed to requests on the deregulation front, all of which is beneficial for companies like Dixon. What is your take on the Budget? Atul Lall: For the electronics industry, the Budget is positive. There were certain specific asks from the industry. One was on rationalisation of the duty structure for IFPD, and that has been done. What we asked for, thankfully, was addressed completely in the same format.

Axis Securities maintains its buy call on Jyothy Labs with a target price of Rs 450 (Rs 500 earlier). The current market price of Jyothy Labs is Rs 395.95. Jyothy Labs, incorporated in 1992, has a market cap of Rs 14449.66 crore, operating in the FMCG sector.

KV Subramanian, Executive Director, IMF, says the finance minister stated that tax cuts will put around Rs 1 lakh crore in the hands of the middle class. Middle class savings are roughly 18%, and if we round it to 20%, it suggests that 80% of this amount will be spent. The consumption multiplier, which is the inverse of the savings rate, is about five. Therefore, we can anticipate a total increase in consumption of around Rs 5 lakh crore, which represents about 2.7% of GDP. The GDP growth estimate is at 6.3% on the lower end. Adding that 2.7% could bring the total to 9%, and even with some overestimation, a growth rate near 8%, definitely above 7%. What a Budget it turned out to be! What were the key bullet points that stuck with you from the Budget this time? KV Subramanian: I have had an all-nighter here watching the Budget in Washington DC. And I think there are a few aspects that are really worth mentioning. As I tweeted just after the Budget, I did a quick analysis of the impact of the personal income tax rate cut on overall consumption and thereby on GDP. I think this is an aspect that is quite important. Unlike, for instance, infrastructure where the impact of that persists over many years, the impact of a personal income tax rate cut, which actually affects consumption, will be there for this year. But I think that impact is going to be large.

trading session for the Union Budget and ultimately closed flat. In today's trade, shares of Power Grid, Divi's Labs, RIL, ITC, Anant Raj among others will be in focus due to various news developments and third quarter results. Power Grid, Divi's Labs, General Insurance Corp, Tata Chemicals Shares of Power Grid, Divi's Labs, General Insurance Corp and Tata Chemicals will be in focus as the companies will announce their quarterly results today.

Despite markets remaining open for the Budget, foreign investors' participation was very minimal. Hence, analysts say the actual reaction is likely to be witnessed in a day or two to understand whether the market has really discounted the Budget factor or not.

The yields on US Treasuries gained while stock futures slumped, and an index of Asia-Pacific shares also dropped in response to the punitive measures taken against some of America’s biggest trading partners. The Canadian dollar sank to its weakest since 2003, with euro and Mexican peso also posting losses.

Consumer-oriented stocks seem to be the focus of traders after the budget on Saturday. A look at stock futures contracts that have seen strong rollovers to the February series, and their near-term outlook. Maruti Suzuki India

capital expenditure. While analysts debate whether this shift is a temporary adjustment or a broader paradigm change, several sectors including agriculture, capital goods, cement, consumer, financials, telecom, and utilities are poised to benefit from the measures in the budget. Here is a sector-wise breakdown of how they stand to gain:

tax reforms designed to increase disposable income for the significant middle class of the country. This reform has long been a demand from the middle class, who make substantial tax contributions but often feel that the government does not provide adequate benefits in return. By addressing these concerns, this Union Budget is expected to significantly boost consumption. The reduction in taxation is projected to result in the government forgoing more than 100,000 crores in direct taxes, which will ultimately enhance the disposable income of this demographic.

The offer will consist of the sale of 33 million equity shares by Indian real estate firm Embassy Group and 10.3 million equity shares by 1 Ariel Way Tenant. It will not issue new shares.

Nifty experienced heightened volatility on the day of the Union Budget 2025 presentation during Saturday’s special trading session. Despite opening on a positive note and gaining momentum, market fluctuations intensified after the Finance Minister's speech began. However, a late-session recovery helped Nifty close 26 points lower, off its intraday low. A small bearish candle with upper and lower shadows formed on the daily chart, signaling a high wave pattern. This technical formation reflects heightened market volatility.

Asian Paints, Titan, Airtel, Power Grid, Divi's Labs, Tata Power, Torrent Power, Info Edge, Swiggy, SBI, ITC, Trent, Britannia, LIC, M&M, NHPC, Oil India among others. Here's what to look forward to on the earnings front:

PSU stocks fell by over 9% on Saturday, witnessing their sharpest budget-day cuts of the past 7 annual financial plans. The BSE PSU index fell 2.7% with 57 scrips ending in the red. Against the expectation of a higher capital expenditure allocation, the government earmarked 11.2 lakh crore this time which did not go down well with the investors. Among the worst losers were Ircon International, Mishra Dhatu Nigam, Rail Vikas Nigam (RVNL), Indian Rail Finance Corporation (IRFC) and Gujarat Gas which corrected between 9.3% and 6%.

Robert Kiyosaki, the author of Rich Dad Poor Dad, has once again predicted a market crash as a result of US President Donald Trump's impending tariffs on Mexico, Canada, and China, which he believes may lead to a downturn in prices of gold, silver, and Bitcoin— presenting a strategic buying opportunity, according to Kiyosaki. In a recent social media post on X, formerly known as Twitter, Kiyosaki stated, "TRUMP TARIFFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. The real problem is DEBT… which will only get worse. CRASHES mean assets are on sale. Time to get richer."

Budget session on Saturday, as investors reacted to a smaller-than-expected increase in government capital expenditure and plans to stimulate consumption through personal tax cuts in the Union Budget 2025. The benchmark BSE Sensex gained 5.39 points or 0.01% to close at 77,505.96, while the broader Nifty 50 index closed at 23,482.15, lower by 26.25 points or 0.11%.

Budget on Saturday as investors saw little coming in from the Finance Minister Nirmala Sitharaman. The benchmark Nifty slipped by a marginal 26 points at 23,318, while Sensex eked out a 5-point gain. Analysts say the underlying trend of Nifty remains positive and the market is facing stiff resistance around 23,500-23,600 levels. «A decisive move above this hurdle could open further upside towards 24,000 levels in the near term. Immediate support is placed at 23,300 levels,» said Nagaraj Shetti of HDFC Securities.

IPOs. In a year that saw the global economy navigate economic and geopolitical uncertainties, India emerged as an attractive option for global and Indian investors. This was due to its strong economic fundamentals, increasing investment appetite from domestic retail investors and political stability. Such tailwinds are expected to continue, and this year is expected to surpass 2024 in terms of the size and volume of mainboard IPOs in India. However, the following trends for mainboard IPOs are expected to emerge:

ADANI PORTS & SEZ THE GOVERNMENT’S impetus to micro, small, and medium enterprises will further strengthen domestic manufacturing. In addition, a maritime development fund with a corpus of Rs 250 crore will be formed to expand shipbuilding. These initiatives will have a long-term indirect benefit to the port activities.

CAPITAL GAINS AIFs Get Clarity on Tax The government has clarified that profits earned by ‘Category 1 and ‘Category 2’ alternative investment funds (AIFs) from sale of securities will be treated as capital gains and not business income which is higher. So investors in AIFs will pay capital gains tax and not 30% income tax.

While many were talking about the need for interest rate cuts, the real issue at this point was the slowdown in consumption. The government has put money in the hands of people at the lower end of the income spectrum through tax reductions. This was the need of the hour and, in that context, it was the right budget for this stage of the economic cycle.

Borrowing is set at ₹11.5 lakh crore, ensuring that fiscal discipline is maintained without hampering growth. After a fiscal deficit peaking at 9.2% in FY21, it has steadily declined to 4.8% in FY24, driven by strong growth and fiscal discipline.