Sun Feb 02 10:59:50 UTC 2025: ## Stock Market Shows Mixed Reaction to Union Budget 2025

**Mumbai, India** – The Indian stock market opened higher on Saturday, anticipating the Union Budget 2025, but displayed a mixed reaction following Finance Minister Nirmala Sitharaman’s presentation. While the Sensex briefly surged by 400 points during the speech, it ultimately ended the day relatively flat.

At 10 a.m., the BSE Sensex was up 193.95 points (0.25%) at 77,694.52, and the Nifty50 rose 54.25 points (0.23%) to 23,562.65. However, the market saw significant fluctuations throughout the day, with some sectors experiencing gains while others suffered losses.

**Winners and Losers:**

Among the top gainers were Sun Pharma (up 2.26%), UltraTech Cement, IndusInd Bank, Zomato, and NTPC. Conversely, Nestle India (down 0.82%), Titan Company, Kotak Mahindra Bank, Asian Paints, and Bajaj Finserv were among the notable decliners. The budget’s impact varied widely across sectors; FMCG, realty, and consumer durables saw rallies exceeding 3%, while PSU banks, IT, and metals fell by more than 1%.

Specific announcements triggered sharp movements in certain stocks. Zomato and Swiggy shares surged up to 10% following the income tax exemption announcement for those earning up to Rs 12 lakh. Conversely, the water sector and defense-related companies experienced significant dips, with falls of up to 4% and 9%, respectively, due to budget allocations.

The auto sector also showed mixed results. Maruti Suzuki, Mahindra & Mahindra, and Hyundai Motor India saw share price increases, while Tata Motors declined. Similarly, the real estate sector reacted positively to the allowance of two self-occupied property values as nil.

**Overall Assessment:**

While the market initially responded positively to the budget, its ultimate reaction was subdued. The day’s trading highlighted the diverse and sometimes contradictory impact of the budget’s provisions on different sectors of the Indian economy. Market analysts will continue to scrutinize the budget’s long-term effects on economic growth and investor sentiment.

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