Share Market Closes On Weak Note Following Budget, Sensex Over 77,500, Nifty Slips Marginally

Sectorally, the Realty and FMCG indices dominated in the session and ended 3.38 per cent and 3.01 per cent higher. Meanwhile, the PSU Bank index stood among the laggards and tanked 1.59 per cent.

On the 30-share Sensex, Zomato, Maruti, ITC Hotels, ITC, and M&M stood among the gainers for the session. On the other hand, PowerGrid, L&T, NTPC, UltraTech Cement, and HCL Tech emerged as the laggards in the day.

Source : ABPLIVE AI

The Indian stock markets ended the special trading session on Saturday on a muted note. After beginning the session in high spirits, the key equity indices slumped after Finance Minister Nirmala Sitharaman presented the Budget 2025 in the Parliament.

The Budget announced major changes to the taxation policies, with Sitharaman scheduled to introduce a new income tax bill in the Parliament next week. Further, the government also revised the tax slabs for the new income tax regime. No changes were announced for the old tax regime.

By session end, the BSE Sensex inched higher by merely 5.39 points to close the day at 77,505.96, while the NSE Nifty50 settled marginally lower at 23,482.15, slipping 26.25 points.

On the 30-share Sensex, Zomato, Maruti, ITC Hotels, ITC, and M&M stood among the gainers for the session. On the other hand, PowerGrid, L&T, NTPC, UltraTech Cement, and HCL Tech emerged as the laggards in the day.

In the broader markets, the indices experienced major volatility. The VIX, volatility index, nosedived over 13 per cent. The Nifty Midcap Select index dominated in red and fell 0.56 per cent. On the other hand, the Nifty Smallcap50 index closed the session over 1 per cent higher.

Sectorally, the Realty and FMCG indices dominated in the session and ended 3.38 per cent and 3.01 per cent higher. Meanwhile, the PSU Bank index stood among the laggards and tanked 1.59 per cent.

Reacting to the announcements, Ashishkumar Chauhan, MD and CEO, NSE, noted that the budget builds on the growth momentum of the country. “Increase in disposable income enhances consumption growth and provides further wealth creation opportunities to Indian households through the markets,” the executive said.

''The budget builds on India’s growth momentum with strong development measures, continued fiscal prudence, increased capex and reduced tax burden on the middle class.''
View on #UnionBudget2025 by our MD & CEO, Shri @ashishchauhan #NSE #NSEIndia #UnionBudget #Budget2025… pic.twitter.com/xZevYRZ1iv

— NSE India (@NSEIndia) February 1, 2025