Sun Feb 02 13:27:00 UTC 2025: ## Indian Markets End Flat on Budget Day, FMCG Sector Soars

**Mumbai, February 2, 2025** – Indian equity indices concluded a volatile Budget Day session with minimal change. The Sensex gained a negligible 0.01 percent, closing at 77,505.96, while the Nifty dipped 0.11 percent to 23,482.15. Despite the flat overall market, the FMCG sector surged, with the Nifty FMCG index recording its highest increase in seven months, up 4 percent. Major players like Godrej Consumer Products, ITC, Varun Beverages, and Hindustan Unilever all saw similar gains.

The Union Budget 2025, a key focus of the day’s trading, was met with mixed reactions. While veteran investors lauded the boost to consumer spending through income tax relief, concerns remain regarding government capital expenditure, projected to slow in FY26. The budget’s emphasis on boosting the middle class and domestic manufacturing, particularly in agriculture (through initiatives like PM Dhan Dhanya Yojana and increased allocations for RKVY and PMKSY), aims to counter sluggish urban consumption.

Technical analysis suggests the Nifty has maintained key support levels, with potential buying opportunities around 23300-23250. Resistance levels are anticipated around 23620 and 24000. The upcoming week will see key events impacting the market, including the MPC outcome, Delhi state elections, and potential US tariff developments.

The budget also included significant policy decisions for other sectors. A major increase in allocation for the PM Surya Ghar Muft Bijli Yojana signals continued success for the rooftop solar program. Furthermore, the government continues its focus on ‘Make in India’ with initiatives including the National Manufacturing Mission and plans to establish India as a global toy hub. A landmark increase in the FDI limit for Indian insurance companies to 100% is expected to attract global investment and boost competition.

Traders Gurukul’s “BOTS” options trading summit continues to provide valuable insights and networking opportunities for retail option traders across major Indian cities. Market analysts advise caution and suggest closely monitoring upcoming events for a clearer market outlook.

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