Business News›Markets›Stocks›Live Blog›Stock Market Highlights: Nifty's bullish engulfing pattern signals reversal. How to trade on Monday
LIVE BLOG
Stock Market Highlights: Nifty's bullish engulfing pattern signals reversal. How to trade on Monday
01 Feb, 2025 | 07:56:35 PM IST
Synopsis
Stock Market Budget 2025 Highlights| Sensex Today: After showing a sustainable up move in the last four sessions, the Nifty witnessed high volatility on the day of the presentation of Union Budget 2025 in the Parliament on a special trading session on Saturday and the Nifty closed the day lower by 26 points amidst high volatility.
A small negative candle was formed on the daily chart with upper and lower shadows. Technically, this pattern indicates a high wave type candle pattern which indicates high volatility in the market. The 200-day EMA has acted as a strong hurdle for the market at 23620 levels and that resulted in selling pressure from the highs.
On the weekly chart, a long bull candle, that has engulfed the previous two weeks' candle formation, was formed. This bullish engulfing pattern on the weekly chart signals a possible formation of a near-term bottom reversal in the Nifty at the low of 22786 levels. The underlying trend of Nifty remains positive and the market is facing stiff resistance around 23,500-23,600 levels. A decisive move above this hurdle could open further upside towards 24,000 levels in the near term. Immediate support is placed at 23,300 levels, said Nagaraj Shetti of HDFC Securities.
In the open interest (OI) data, the highest OI on the call side was observed at 23,500 and 23,600 strike prices, while on the put side, the highest OI was at 23,300 strike price followed by 23,500.
Show moreOn the weekly chart, a long bull candle, that has engulfed the previous two weeks' candle formation, was formed. This bullish engulfing pattern on the weekly chart signals a possible formation of a near-term bottom reversal in the Nifty at the low of 22786 levels. The underlying trend of Nifty remains positive and the market is facing stiff resistance around 23,500-23,600 levels. A decisive move above this hurdle could open further upside towards 24,000 levels in the near term. Immediate support is placed at 23,300 levels, said Nagaraj Shetti of HDFC Securities.
In the open interest (OI) data, the highest OI on the call side was observed at 23,500 and 23,600 strike prices, while on the put side, the highest OI was at 23,300 strike price followed by 23,500.
1 New Update
Budget strengthens India's position as global innovation powerhouse, say startups
The Union Budget 2025-26 marks a significant milestone for India's startup ecosystem and reinforces the nation's position as a global innovation powerhouse, say startup players. On Saturday, Finance Minister Nirmala Sitharaman announced a new Fund of Funds Scheme (FFS) with a corpus of Rs 10,000 crore to promote the growth of budding entrepreneurs in the country.
"This budget is a big win for India's startup ecosystem. The Rs 10,000 crore Fund of Funds, along with extended tax benefits and regulatory reforms, will provide the much-needed capital and ease of doing business for emerging ventures," said Shashvat Nakrani, Founder, BharatPe.
Startup Policy Forum (SPF) President and CEO Shweta Rajpal Kohli said the creation of a new Fund of Funds will provide crucial financial support to emerging startups.
"This budget is a big win for India's startup ecosystem. The Rs 10,000 crore Fund of Funds, along with extended tax benefits and regulatory reforms, will provide the much-needed capital and ease of doing business for emerging ventures," said Shashvat Nakrani, Founder, BharatPe.
Startup Policy Forum (SPF) President and CEO Shweta Rajpal Kohli said the creation of a new Fund of Funds will provide crucial financial support to emerging startups.
Amazon sells Quess Corp shares for Rs 46 crore; promoter Fairfax Capital hikes stake
Global e-commerce giant Amazon on Saturday sold shares of business services provider Quess Corp for Rs 46 crore through an open market transaction, while promoter billionaire Prem Watsa promoted Fairfax Capital increased its holding in the company. US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, offloaded 7.54 lakh shares or 0.50 per cent stake in Bengaluru-based Quess Corp, as per the bulk deal data available on the BSE.
The shares were disposed of at an average price of Rs 610.20 apiece, taking the transaction value to Rs 46.03 crore.
Meanwhile, Fairfax Financial Holdings' affiliate Fairbridge Capital (Mauritius) and Ajit Isaac (Chairman of Quess Corp), the two promoters of Quess Corp, increased their holdings, by picking up an additional 3.77 lakh shares of the company each.
The shares were disposed of at an average price of Rs 610.20 apiece, taking the transaction value to Rs 46.03 crore.
Meanwhile, Fairfax Financial Holdings' affiliate Fairbridge Capital (Mauritius) and Ajit Isaac (Chairman of Quess Corp), the two promoters of Quess Corp, increased their holdings, by picking up an additional 3.77 lakh shares of the company each.
Govt announces host of measures for startups; new Fund of Funds scheme with Rs 10k cr corpus
The government on Saturday announced a host of measures such as setting up of a new Fund of Funds Scheme (FFS) with Rs 10,000 crore corpus; and extension of period of incorporation by five years with a view to promote growth of budding entrepreneurs. In 2016 also, the government had launched a similar scheme, with a corpus of Rs 10,000 crore, with contribution spread over the 14th and 15th Finance Commission cycles.
The scheme was set up to catalyze venture capital investments and is operationalised by Small Industries Development Bank of India (SIDBI), which provides capital to Securities and Exchange Board of India (SEBI)-registered AIFs, which in turn invest in startups.
Finance Minister Nirmala Sitharaman said that the Alternate Investment Funds (AIFs) for startups have received commitments of more than Rs 91,000 crore.
The scheme was set up to catalyze venture capital investments and is operationalised by Small Industries Development Bank of India (SIDBI), which provides capital to Securities and Exchange Board of India (SEBI)-registered AIFs, which in turn invest in startups.
Finance Minister Nirmala Sitharaman said that the Alternate Investment Funds (AIFs) for startups have received commitments of more than Rs 91,000 crore.
Budget FY26 will help make India a top global tourism destination: Industry
Industry experts on Saturday said the Budget announcements for the tourism sector will help make India a top global tourism destination and will create new opportunities for growth, jobs, and innovation. The Union Budget 2025-26 proposes that the top 50 tourist destinations in the country will be developed in partnership with states in a "challenge mode", as tourism is a driver of employment-led growth and unveiled a series of initiatives aimed at boosting infrastructure, skill development and ease of travel.
"The plan to develop the top 50 tourism destinations in partnership with state governments is a major initiative. This collaboration will not only improve infrastructure but also help spread tourism across the country, attracting more visitors and benefiting local communities," Pradeep Shetty, spokesperson, Hotel and Restaurant Association of Western India - and Vice President, Federation of Hotel and Restaurant Associations of India, said.
The focus on medical and wellness tourism through the 'Heal-in-India' initiative is a forward-thinking move that will strengthen India's position as a global leader in healthcare, he said.
"The plan to develop the top 50 tourism destinations in partnership with state governments is a major initiative. This collaboration will not only improve infrastructure but also help spread tourism across the country, attracting more visitors and benefiting local communities," Pradeep Shetty, spokesperson, Hotel and Restaurant Association of Western India - and Vice President, Federation of Hotel and Restaurant Associations of India, said.
The focus on medical and wellness tourism through the 'Heal-in-India' initiative is a forward-thinking move that will strengthen India's position as a global leader in healthcare, he said.
Budget unveils major reforms for MSMEs to realise growth potential, create jobs
Finance Minister Nirmala Sitharaman's eighth Budget provided a shot in the arm to micro, small and medium enterprises, as she proposed a slew of measures including enhancement of investment and turnover limits for their classification, increase in credit guarantee cover for micro and small enterprises and customised credit cards for micro entities registered on the Udyam portal.
As per the Budget announcement, any firm with an investment of up to Rs 2.5 crore and turnover under Rs 10 crore are classified as "micro". A company with investment of up to Rs 25 crore and turnover of up to Rs 100 crore are classified as "small" and those with investment of up to Rs 125 crore and turnover under Rs 500 crore will be classified as "medium".
The Finance Minister described MSMEs as the second power engine for development, as they constitute 45 per cent of the country's exports.
As per the Budget announcement, any firm with an investment of up to Rs 2.5 crore and turnover under Rs 10 crore are classified as "micro". A company with investment of up to Rs 25 crore and turnover of up to Rs 100 crore are classified as "small" and those with investment of up to Rs 125 crore and turnover under Rs 500 crore will be classified as "medium".
The Finance Minister described MSMEs as the second power engine for development, as they constitute 45 per cent of the country's exports.
Budget 2025: Govt to set up Export Promotion Mission; outlay Rs 2,250 cr
The government on Saturday announced setting up of an Export Promotion Mission with an outlay of Rs 2,250 crore to promote the country's outbound shipments. The mission will be driven jointly by the ministries of commerce, MSME, and finance.
It will facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets, Finance Minister Nirmala Sitharaman said.
"We will set up an Export Promotion Mission, with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance," she said.
She also said a digital public infrastructure, 'BharatTradeNet' (BTN) for international trade will be set up as a unified platform for trade documentation and financing solutions.
"This will complement the Unified Logistics Interface Platform. The BTN will be aligned with international practices," she said.
It will facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets, Finance Minister Nirmala Sitharaman said.
"We will set up an Export Promotion Mission, with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance," she said.
She also said a digital public infrastructure, 'BharatTradeNet' (BTN) for international trade will be set up as a unified platform for trade documentation and financing solutions.
"This will complement the Unified Logistics Interface Platform. The BTN will be aligned with international practices," she said.
Defence budget heavily weighted to manpower costs
India on Saturday proposed defence spending of 6.81 trillion rupees ($78.70 billion) for the 2025-26 fiscal year, up 9.5% from the previous year's initial estimates, with most eaten up by wages and pensions rather than acquiring new weapons.
The 4.7 trillion rupees the budget allocated for manpower costs dwarfed its proposed capital outlay of 1.80 trillion rupees, focused on modernisation and defence procurement.
The capital outlay figure was 4.6% more than the previous year, but analysts said it needed to be higher still to meet India's efforts to modernise its military to counter rival China.
Main allocations in terms of outlay were 486 billion rupees for aircraft and aero engines, and 243.9 billion rupees for the naval fleet - two key areas where India is seeking to enhance its capabilities.
The 4.7 trillion rupees the budget allocated for manpower costs dwarfed its proposed capital outlay of 1.80 trillion rupees, focused on modernisation and defence procurement.
The capital outlay figure was 4.6% more than the previous year, but analysts said it needed to be higher still to meet India's efforts to modernise its military to counter rival China.
Main allocations in terms of outlay were 486 billion rupees for aircraft and aero engines, and 243.9 billion rupees for the naval fleet - two key areas where India is seeking to enhance its capabilities.
Tech view: Nifty charts indicate high volatility. How to trade on Monday
After showing a sustainable up move in the last four sessions, the Nifty witnessed high volatility on the day of the presentation of Union Budget 2025 in the Parliament on a special trading session on Saturday and the Nifty closed the day lower by 26 points amidst high volatility.
A small negative candle was formed on the daily chart with upper and lower shadows. Technically, this pattern indicates a high wave type candle pattern which indicates high volatility in the market. The 200-day EMA has acted as a strong hurdle for the market at 23620 levels and that resulted in selling pressure from the highs.
On the weekly chart, a long bull candle, that has engulfed the previous two weeks' candle formation, was formed. This bullish engulfing pattern on the weekly chart signals a possible formation of a near-term bottom reversal in the Nifty at the low of 22786 levels. The underlying trend of Nifty remains positive and the market is facing stiff resistance around 23,500-23,600 levels. A decisive move above this hurdle could open further upside towards 24,000 levels in the near term. Immediate support is placed at 23,300 levels, said Nagaraj Shetti of HDFC Securities.
In the open interest (OI) data, the highest OI on the call side was observed at 23,500 and 23,600 strike prices, while on the put side, the highest OI was at 23,300 strike price followed by 23,500.
A small negative candle was formed on the daily chart with upper and lower shadows. Technically, this pattern indicates a high wave type candle pattern which indicates high volatility in the market. The 200-day EMA has acted as a strong hurdle for the market at 23620 levels and that resulted in selling pressure from the highs.
On the weekly chart, a long bull candle, that has engulfed the previous two weeks' candle formation, was formed. This bullish engulfing pattern on the weekly chart signals a possible formation of a near-term bottom reversal in the Nifty at the low of 22786 levels. The underlying trend of Nifty remains positive and the market is facing stiff resistance around 23,500-23,600 levels. A decisive move above this hurdle could open further upside towards 24,000 levels in the near term. Immediate support is placed at 23,300 levels, said Nagaraj Shetti of HDFC Securities.
In the open interest (OI) data, the highest OI on the call side was observed at 23,500 and 23,600 strike prices, while on the put side, the highest OI was at 23,300 strike price followed by 23,500.
FM proposes to raise threshold for TDS on remittance to Rs 10 lakh from Rs 7 lakh
Finance Minister Nirmala Sitharaman on Saturday proposed to increase the threshold of tax collected at source (TCS) on remittances under the RBI's Liberalized Remittance Scheme to Rs 10 lakh from the existing Rs 7 lakh to give relief to non-resident Indians. Presenting her eighth straight Budget in the Lok Sabha on Saturday, Sitharaman said, "I also propose to remove TCS on remittances for education purposes, where such remittance is out of a loan taken from a specified financial institution."
She stated that the threshold to collect TCS on remittances under LRS is proposed to be increased from Rs 7 lakh to Rs 10 lakh.
She stated that the threshold to collect TCS on remittances under LRS is proposed to be increased from Rs 7 lakh to Rs 10 lakh.
Economy will trudge along on old path, deliver no more than usual 6% or 6.5% growth in 2025-26, says P Chidambaram
Budget announcements 'bold'; to boost consumption: Assocham
inance Minister Nirmala Sitharaman has presented a "bold" budget which will boost consumption, particularly by the middle class. ''The finance minister has placed her confidence in the middle class for leading the consumption-led growth. At the same time, there is a clear focus on unleashing the potential of the MSMEs, Startups and exports," Assocham President Sanjay Nayar said on the the Union Budget for 2025-26.
It is a 'bold' budget to boost consumption particularly from the vibrant middle-class families, Nayar said.
He said pick up in consumption demand would, in turn, encourage investment as well in the medium term while several employment-oriented sectors such as tourism, textile, handicrafts, footwear and toys have been given an immediate impetus for take-off.
It is a 'bold' budget to boost consumption particularly from the vibrant middle-class families, Nayar said.
He said pick up in consumption demand would, in turn, encourage investment as well in the medium term while several employment-oriented sectors such as tourism, textile, handicrafts, footwear and toys have been given an immediate impetus for take-off.
Markets went wild, midcaps did a dive: Radhika Gupta’s poem after Budget day
With the markets being volatile and midcaps ending in red on the Budget day, a tax cut saved the day, Radhika Gupta, CEO of Edelweiss Mutual Fund said. “Markets went wild, midcaps did a dive, Deepseek and AI wars have come alive, Trump's antics only added to the grey, Till a Budget tax cut saved the day, The week is over. We survive. And now, happy weekend,” the CEO posted on social media.
No relief for crypto investors in Budget 2025, FM introduces new compliance requirement
The Union Budget 2025 left VDA tax rules unchanged, despite industry calls for reforms. FM Sitharaman made no changes to the 1% TDS on crypto transactions or loss offset restrictions, which experts say remain hurdles for investors.
Raamdeo Agrawal on 'Maha Kumbh' of investing and key Budget takeaways
Raamdeo Agrawal described the budget as “brilliant,” particularly in terms of its positive impact on capital markets. He highlighted that economic growth is projected at 7% or more, with a goal of 8% compounded growth through Atmanirbhar Bharat. This long-term focus is aligned with India’s vision to become a developed nation by 2047. The budget is seen as a strategic step to support sustainable growth and capital market development.
Budget 2025: TCS rationalisation to benefit investors willing to invest in global markets
Finance Minister Nirmala Sitharaman raised the TCS threshold on remittances under RBI’s Liberalized Remittance Scheme (LRS) from Rs 7 lakh to Rs 10 lakh. She also proposed removing TCS on remittances for education if funded by a loan from a specified financial institution, easing the financial burden on students and families managing overseas education expenses.
Have not reduced in public spending on capex: FM
The Budget focuses on areas requiring immediate attention.
Budget 2025: Consumption gains focus, capex disappoints market expectations
The Union Budget 2025 has shifted focus from capex to consumption, sparking market reactions. Sunil Singhania, Founder, Abakkus Asset Manager analyzes this shift, emphasizing fiscal prudence, tax benefits, and the balance between consumption and capital expenditure. While consumption stocks gained, long-term growth requires capex investments. Market trends will also depend on RBI policies, global factors, and investor sentiment.
FM addresses media: Tax cuts will benefit every tax payer
- Energy security got special attention in the Budget.
- Fiscal prudence aligned with the glide path announced
I-T simplification work is completed, will be tabled next year, says Sitharaman
- Energy security has got special attention in this Budget.
- Govt has made sure agri gets support across the board.
FY26 fiscal deficit pegged at 4.4% of GDP: FM
FM addresses media: Budget lays out the direction for 'Viksit Bharat'
Tax proposals will help flows into markets, consumption: NSE MD
NSE CEO Ashish Chauhan welcomed the Budget’s tax proposals, saying they will boost market inflows. He noted that the nil tax on incomes up to Rs 12.75 lakh annually for salaried professionals will also support consumption.
Raamdeo Agrawal on 'Maha Kumbh' of investing and key Budget takeaways
Raamdeo Agrawal called the Budget “brilliant,” citing its positive impact on capital markets. He noted economic growth projections of over 7% and a target of 8% compounded growth through Atmanirbhar Bharat. Aligned with India's 2047 vision, the Budget is seen as a strategic move for sustainable growth and market development.
Budget Day Stock Market Highlights | Nifty FMCG and tourism are top gaining indices on consumption boost in Budget; key performers
Price as on 03:45:21 PM 03:45 PM, Click on company names for their live prices.
Sector View: PSU Bank stocks bleeds, Realty shines
Market Stats: Advance-decline ratio in favour of buyers
Top Nifty gainers and losers in today's session
Price as on 03:36:00 PM 03:36 PM, Click on company names for their live prices.
Sensex Heatmap: 16 of 30 Sensex stocks end in the green
Nifty below 23,500; Trent surges 7%, ITC Hotels 5%
Sensex ends flat after choppy Budget Day trade
Budget 2025 Stock Market Live Updates | TVS Motor Company’s sales grow by 17% in January 2025; stock jumps over 3%
Price as on 03:27:38 PM 03:27 PM, Click on company names for their live prices.
Budget 2025 Stock Market Live Updates | Indian Hotels, ITC Hotels, other tourism stocks rally up to 10% as FM unveils ambitious plans in Budget
Price as on 03:23:21 PM 03:23 PM, Click on company names for their live prices.
Budget 2025 Stock Market Live Updates | Budget impact: OMC stocks sink
Price as on 03:20:12 PM 03:20 PM, Click on company names for their live prices.
Budget 2025 Stock Market Live Updates | Nifty Bank slips in red; top gainers and losers
Budget 2025 Stock Market Live Updates | Nifty Realty top sectoral gainer, key performers
Price as on 03:05:11 PM 03:05 PM, Click on company names for their live prices.
Budget 2025 Stock Market Live Updates | Nifty auto, FMCG, realty, consumer durables among top sectoral gainers
Budget 2025 Stock Market Live Updates | Broader indices mirror benchmarks, trade flat
Budget 2025 Stock Market Live Updates | Top Nifty gainers and losers in afternoon trade
Budget 2025 Stock Market Live Updates | HDFC Life stock slips nearly 3%
Price as on 02:45:00 PM 02:45 PM, Click on company names for their live prices.
Budget 2025 Stock Market Live Updates | L&T, KEC International, others fall up to 5% on modest capex tweak
- Capex allocation for FY26 saw only a minor rise to Rs 11.2 lakh crore.
- Capex stocks, including L&T and KEC International, fell up to 5%.
- Defense and railway stocks declined up to 9% due to lack of major announcements.
- Market sentiment turned negative post-budget, with Sensex and Nifty slipping. Read More
Budget 2025 Stock Market Live Updates | Jewellery stocks rise 9% as Budget 2025 reduces tariff duty to 20%
Price as on 02:35:49 PM 02:35 PM, Click on company names for their live prices.
Budget 2025 Stock Market Live Updates | Government sets Rs 55,000 crore PSU dividend target, to grow further in FY26
- Government targets Rs 55,000 crore PSU dividends for FY25.
- FY26 dividend projection rises to Rs 69,000 crore.
- Higher PSU dividends to support budgetary developmental initiatives.
- Nil income tax slab extended to Rs 12 lakh. Read More
Budget 2025 Stock Market Live Updates | Budget 2025 stocks: Ion Exchange, Shakti Pump, other water sector counters fall up to 4%
- FM announced 100% tap water coverage by 2028, focusing on rural areas.
- Water stocks like Ion Exchange and Shakti Pumps fell up to 4%.
- Key players in infrastructure development include VA Tech Wabag, L&T, Ion Exchange.
- India faces critical water challenges, with per capita usage expected to double by 2050. Read More
Budget 2025 Stock Market Live Updates | Zomato, Swiggy shares rally up to 10% following income tax relief announcement
Price as on 02:17:41 PM 02:17 PM, Click on company names for their live prices.
Budget 2025 Stock Market Live Updates | Sensex up over 100 points
Budget 2025 Stock Market Live Updates | BHEL, Bharat Dynamics, other defence stocks fall up to 9% on small capex rise
- Defense stocks fell up to 9% due to lower budget allocation.
- HAL, BEL, BHEL, and private defense stocks declined sharply.
- Government capex rose modestly to Rs 11.2 lakh crore.
- FMCG, auto, and consumer durables may outperform post-budget. Read More
There has been a conscious attempt to spur consumption by rationalising personal tax slabs with a revenue foregone of Rs 1 trillion. Apart from the overall focus to sustain capex and reforms in key thrust areas, the budget announcements have an intended focus on ensuring sustained economic growth. At the same time, the fiscal consolidation trajectory has sustained with FD estimated to reach 4.4% in FY26 in line with estimates. From a bond market perspective, the gross borrowing numbers at Rs 14.8tr is higher than market estimates and could be mildly negative. However, RBI liquidity operations such as OMO's should ensure a supportive environment for yields
- Mr. Rajeev Radhakrishnan, CIO - Fixed Income, SBI Mutual Fund
Budget 2025 Stock Market Live Updates | Sectoral Watch
- FMCG, realty, consumer durable indexes rally over 3%
- Nifty Auto gains over 2%
- IT, metal, PSU Banks fall over 1% each
Budget 2025 Stock Market Live Updates | Sensex choppy; L&T & Tata Steel among top laggards in volatile session
Price as on 01:53:27 PM 01:53 PM, Click on company names for their live prices.
Budget 2025 Stock Market Live Updates | RVNL, Ircon, other rail stocks crash up to 9%. Here's what went wrong in Budget
- Rail stocks fell 5-9% due to unchanged Railway capex.
- RVNL dropped 9% after no increase in capex allocation.
- Government capex raised modestly to Rs 11.2 lakh crore.
- Tax relief boosts consumption sectors, while capex remains moderate. Read More
Budget 2025 Stock Market Live Updates | Sensex gains over 50 pts
Budget 2025 Stock Market Live Updates | Buzzing!
Price as on 01:44:53 PM 01:44 PM, Click on company names for their live prices.
Budget 2025 Stock Market Live Updates | Defence stocks fall up to 7%
Price as on 01:42:06 PM 01:42 PM, Click on company names for their live prices.
In a significant step towards ensuring universal access to clean drinking water, Finance Minister Nirmala Sitharaman announced the extension of the Jal Jeevan Mission with an enhanced outlay until 2028 during her Budget speech on Saturday. The mission continues to receive one of the highest budgetary allocations, reflecting the government’s strong commitment to water security and rural development. Under this initiative, every rural household will have access to a safe, adequate, and reliable drinking water supply, adhering to prescribed quality standards at affordable service delivery charges. This long-term vision aims to enhance public health, improve living conditions, and strengthen water infrastructure across the country.
- Divyam Mour, Research Analyst, Samco Securities
Budget 2025 Stock Market Live Updates | Railway stocks fall up to 6%
Price as on 01:34:29 PM 01:34 PM, Click on company names for their live prices.
Budget 2025 Stock Market Live Updates | Budget 2025: Real Estate stocks rally up to 9% after rent TDS threshold raised to Rs 6 lakh
- FM raised TDS on rent threshold to Rs 6 lakh annually.
- Real estate stocks surged, Prestige Estates up 9.3%, Sobha 4.6%.
- Phoenix Mills, DLF, Oberoi Realty, Godrej Properties gained 1-2%.
- Landlords now deduct TDS only on rent exceeding Rs 6 lakh.
- Taxpayers can declare two self-occupied properties’ annual value as nil.
- No tax on imputed rental income from two self-occupied properties.
- Exemption for individuals earning up to Rs 12 lakh per annum. Read More
Budget 2025 Stock Market Live Updates | Heatmap
Here's how the top stocks are performing
The budget delivers on the expectations of Triveni sangam of reduction in fiscal deficit , support to urban consumption through tax cuts and increase in Capex through center , state and PSUs allocation.
- Nilesh Shah, MD - Kotak Mahindra AMC
The Budget announcements are sending a clear message that Government will focus on governance, creating capacities, creating conditions conducive for compliance, execution and implementation of policies. The onus of demand creation has shifted to the private sector, middle class and the wider populace. The next logical conclusion to the theme would be easier credit and monetary conditions which would enable greater risk taking by the masses.
- Sandeep Bagla, CEO - TRUST Mutual Funds
