The Budget may not have any big bang announcements for the markets at large but Finance Minister Nirmala Sitharaman has announced key measures to boost consumption and capex. Schemes supporting the agri sector have been announced. The key highlight was that no income tax will be payable for up to Rs 12 lakh of income. Following these announcements, sectors like FMCG, and Consumer Durables surged higher along with tourism stocks. Here are 5 sectors that will remain in focus-
FMCG sector
The fast-moving consumer goods sector remains in focus. The Nifty FMCG was up 3.5% at 58,679.95. Britannia, Hindustan Unilever, and Tata Consumer Products saw a sharp uptick in their share prices, holding the top gainers position in the Nifty 50. Britannia gained 4.7% at Rs 5,368.15. The share price shined 4.3% to trade at Rs 2575.5, and Tata Consumer Products rose 3.2% at Rs 1,057.45.
Consumer Discretionary sector
As the disposable income is expected to rise on the back of the new income tax announcement, the consumer durables stocks shined. The Nifty Consumer Durables rose 2.33% to 38,467.35. The stocks like Bluestar, Whirlpool, Crompton Greaves, Havells, Voltas, etc. jumped as much as 8.4%.
Also Read Toy stocks in focus- Budget 2025 announces plans to make India toy hub Budget 2025 Stock Market Highlights: Rollercoaster session on Budget day; Nifty below 23,500, FMCG shines Fertilizer stocks surge as govt announces urea plant in Assam in Budget 2025 New Income Tax Slabs in Budget 2025 Live: ‘1 crore more people will pay no income tax due to hike in rebate to Rs 12 lakh,’ says Nirmala Sitharaman
Shipping sector
FM Nirmala Sitharaman announced to restart of the Shipbuilding Financial Assistance Policy in the Union Budget 2025. Following this, shipping stocks like Shipping Corporation of India, Great Eastern Shipping, and Mazagon Dock Shipbuilders shined up to 5%. Also, the FM proposed the exemption of BCD on the shipbuilding and shipbreaking companies for 10 years.
» Read More
