Sensex, Nifty start on choppy note ahead of FM's Budget speech
Sensex and Nifty opened flat on Budget day, when investors would be closely tracking Finance Minister Nirmala Sitharaman's plan to boost domestic consumption by cutting income tax rates.
The BSE Sensex was up 32 points, or 0.04%, at 77,513, while the Nifty50 slipped 6 points, or 0.02%, to 23,502 around 9:19 am.
Sitharaman will begin presenting the Budget in Parliament at 11 a.m. IST.
Since the post-election interim Budget on July 23, the Nifty has lost 4%, while mid-cap and small-cap indices have declined 4.6% and 8.1%, respectively, amid slowing economic growth that has impacted corporate earnings and dampened foreign investor sentiment.
India’s GDP growth for FY26 is projected at 6.3%-6.8%, according to the annual Economic Survey, aligning with the 6.4% estimate for the current fiscal year.
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