Share Market HIGHLIGHTS: Sensex ends 73 pts lower, Nifty at 24,479 as market recovers much of intraday losses amid volatile Budget trade
Share Market Today HIGHLIGHTS, Budget Day 2024: Domestic benchmark indices finished Tuesdays session subdued after Finance Minister Nirmala Sitharaman presented the Union Budget. Catch LIVE updates of the Budget day session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.coms blog. . Stock Market Budget day 2024, Sensex Today Live, Stocks to Buy Union Budget day. Get more Stocks News and Business News on Zee Business.
Share Market Today HIGHLIGHTS, Budget Day 2024: Domestic benchmark indices finished Tuesday's session subdued after Finance Minister Nirmala Sitharaman presented the Union Budget.
Stock Market LIVE on Budget Day | Catch LIVE updates of the Budget day session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog.
Latest Updates
Closing bell | Sensex down over 73.04 pts, Nifty settles at 24,479.05
Share Market Today LIVE, Budget Day 2024: Budget growth-oriented, says AMFI's Venkat Chalasani
Stating that the latest Budget is growth-oriented, AMFI Chief Executive Venkat Chalasani says that the "focus on fiscal consolidation without cutting down on capital expenditure with a clear roadmap for Viksit Bharat is extremely positive. The emphasis on job creation, skilling, a boost to the MSME sector as well as tax relief to the middle classes will add more income to the hands of the people."
"The increase in the exemption limit for Long Term Capital Gains tax from Rs 1 lakh to Rs 1.25 lakh is a welcome change. While the changes in rates for LTCG and STCG were not anticipated, the markets will take them in their stride," says Chalasani, adding: "We are happy to note that AMFI’s demand of change in the definition of ‘Specified Mutual Funds’ under Section 50AA has been acceded to and will lead to rationalisation in taxation for the funds affected hitherto."
Share Market Today LIVE, Budget Day 2024 | Budget has presented short-term challenges for markets - Axis Securities
"The rise in capital gains tax rates and the increased STT are a short term negative. The capital expenditure allocation, unchanged at Rs 11.1 lakh crore, fell short of the expected Rs 11.5-12 lakh crore. However, the budget does have its positives. The fiscal deficit has been reduced to 4.9 per cent, compared to 5.1 per cent in the interim budget, demonstrating a solid fiscal consolidation path. Additionally, the budget places a strong emphasis on welfare schemes, aiming to alleviate rural distress and support the rural economy. Despite the initial market reaction, the impact is expected to be temporary, with a return to normalcy anticipated soon," says Pranav Haridasan, MD & CEO, Axis Securities.
Share Market Today LIVE, Budget Day 2024: Budget presents short-term challenges for markets, says Axis Securities' Pranav Haridasan
Axis Securities MD and CEO Pranav Haridasan is of the view that the proposed rise in capital gains tax rates and the increased STT are short-term negatives for the markets.
"The capital expenditure allocation fell short of the expected Rs 11.5-12 lakh crore. However, the Budget does have its positives. The fiscal deficit (target) has been reduced to 4.9 per cent, compared to 5.1 per cent in the Interim Budget, demonstrating a solid fiscal consolidation path. Additionally, the Budget places a strong emphasis on welfare schemes, aiming to alleviate rural distress and support the rural economy. Despite the initial market reaction, the impact is expected to be temporary, with a return to normalcy anticipated soon," adds Haridasan.
Share Market Today LIVE, Budget Day 2024 | Market in last 30 mins trade
>> Sensex is up over 10 points.
>> Nifty is above 25,500.
Share Market Today LIVE, Budget Day 2024 | Buy Genus Power, says Vikas Sethi
Vikas Sethi of Sethi Finmart Pvt Ltd recommends buying shares of GE Power at a target price of Rs 375 keeping the stop loss at Rs 345.
Share Market Today LIVE, Budget Day 2024 | Higher capital gains could also result in market valuations consolidating at current levels, says Rahul Singh of Tata Asset Management
"We expect the equity markets to become more balanced as the growth in cyclical sectors (defense, manufacturing, capital goods, power) that have done well over the last 12-24 months get supplemented by the potential recovery in consumption as a result of the budget provisions. Higher capital gains could also result in market valuations consolidating at current levels with a rotation towards a more balanced sectoral performance. Given Budget’s par allocation to various sectors, thematic movements could subside leading to a bottom-up stock selection becoming more important," says Rahul Singh, CIO-Equities, Tata Asset Management.
Share Market Today LIVE, Budget Day 2024 | M&M Finance post Q1 results
The company records a net profit of Rs 513 crore against Rs 353 crore year-on-year (YoY).
Share Market Today LIVE, Budget Day 2024 | Stocks at their 52 week high
Symbol %chng New 52W/H price AADHARHFC -1.63 486.95 ALLETEC -2.67 362 AWHCL 2.56 701.7 BHAGCHEM 0.79 286.9 BRITANNIA 0.3 6005 CMSINFO -0.89 558.95 COLPAL -0.1 3179.15 CONSUMIETF 0.34 118.31 CONTI 4.95 37.1 DABUR 2.56 662.35 DEEPAKNTR -1.2 2870 DHANUKA 0.05 1823.95 EFFWA 4.99 219 EIMCOELECO 4.98 3189.6 EMSLIMITED 9.8 744.8 ENSER -1.16 216.75 FEDERALBNK 2.68 203.44 GGBL -3.04 494 GLAXO 2.63 2825 GLOBALVECT 5 243.16 GLOBE 1.2 5.23 GODREJCP 2.64 1521 GOLDKART 4.22 126 GRAVITA 14.61 1675 HDFCGROWTH 1.36 123.5 HINDUNILVR 2.41 2808.5 ICICIGI -0.27 1925 INDUSTOWER 1.36 429.5 KALYANKJIL 1.01 561.65 KONTOR 5 150.25 KSCL 3.37 1100 KSHITIJPOL 4.77 8.58 LALPATHLAB -1.31 3095 LEMERITE 9.99 182.2 LIQUIDSBI 0 1000.01 LIQUIDSHRI 0.02 1003.6 MAHSCOOTER -0.28 9500 MIDCAP -0.66 165.85 MPHASIS 0.24 2949 MTNL 9.99 83.87 NECCLTD -7.18 44.44 NEWGEN 3.75 1096.8 NFL -6.58 169.95 NIFTYETF -0.32 267.46 NPST 7.6 2397.25 PCJEWELLER 5 74.14 PIGL 5 86.55 PIIND -1.75 4058.3 POCL 8.65 1062 POWERMECH -1.12 6290 PRIZOR 4.98 182.2 RCF -6.52 245 RELIABLE 4.94 78.65 SAHAJSOLAR 5 395.9 SBINEQWETF 0.38 31.8 SINTERCOM 0.51 143.29 SMSPHARMA 5.59 277.68 SONAMLTD 11.3 58.4 SRM 2.97 244.4 SUMICHEM -1.47 523.5 SUZLON 4.99 57.83 TBZ 9.23 154.3 TECH 0.6 42.75 TORNTPHARM 0.4 3088 TTKPRESTIG 2.43 909 TUNWAL -5 64 VERA 10 68.75 Share Market Today LIVE, Budget Day 2024 | Vaibhav Porwal of Dezerv on capital gains tax changes in budget
"The recent changes in the union budget, particularly the increase in STCG and LTCG tax signal a significant shift. While the market's initial reaction may seem bearish, we believe these changes will ultimately foster a more stable and mature investment environment. The widening gap between STCG and LTCG rates is a clear incentive for longer-term holdings, which aligns with our view of creating sustainable wealth. This move is also a step towards standardising taxation across various asset classes, potentially simplifying the investment decision-making process for many. The market is currently responding with a short-term perspective, particularly concerning the Securities Transaction Tax (STT) adjustments in derivatives. This will undoubtedly impact the profitability of frequent traders. However, we encourage investors to look beyond immediate market reactions and consider the long-term benefits of a tax structure that promotes patient capital,” says Vaibhav Porwal, Co-founder, Dezerv.
Share Market Today LIVE, Budget Day 2024 | Increase in capital gains tax and securities transaction tax is a dampener for capital markets, says Sandeep Nayak of Centrum Broking (Retail)
"The triad of welfare spending, capital expenditure, and fiscal discipline has been beautifully balanced by the Government in this budget. There is a good amount of welfare spent on women-led development, the MSME sector, and the agriculture sector covering a large part of the populace. Augmenting the welfare spending with an adequate thrust on capital expenditure while containing the fiscal deficit at 4.9 per cent of GDP is a fine balancing act. However, the increase in capital gains tax and securities transaction tax is a dampener for capital markets," says Sandeep Nayak, ED & CEO of Centrum Broking (Retail).
Currency update | Rupee falls to record low of 83.69 per US dollar
Share Market Today LIVE, Budget Day 2024 | MCX gold declines over 2 per cent after FM announces reduction in custom duty
MCX Gold August futures decline after FM announces reduce custom duty on gold.
Share Market Today LIVE, Budget Day 2024 | Gold related stock in focus
Muthoot Finance, Kalyan Jewellers and Titan shares gain after FM announces reduce custom duty on gold.
Share Market Today LIVE, Budget Day 2024 | Pharma stock in focus
Nifty Pharma is up 0.3 per cent after FM exempts three cancer drugs from customs duty.
Share Market Today LIVE, Budget Day 2024 | Tourism related stock in focus
Mahindra Holidays, EaseMyTrip, IRCTC, and other tourism-related stocks are in focus after FM announced tourism will be promoted in Rajgir, Gaya, Nalanda, and Banaras.
Share Market Today LIVE, Budget Day 2024 | Shipping-related stocks decline after FM announces reforms
SCI and GE Shipping shares decline after FM announces reforms for the shipping industry.
Share Market Today LIVE, Budget Day 2024 | Infrastructure-related stocks in focus
PNC Infra, HG Infra, and other infra stocks are in focus as the government announces capital expenditure outlay for Infrastructure development and employment generation to be increased by 11.1 per cent to Rs.11,11,111 crore.
Share Market Today LIVE, Budget Day 2024 | NTPC and BHEL shares rise after FM announces the companies will set up super critical thermal power plant
NTPC and BHEl shares are up over 2 per cent after the announcement to set up a supercritical thermal power plant.
Share Market Today LIVE, Budget Day 2024 | Nifty realty gains after FM announces Rs 10 lakh crore allocation for PM Urban Housing Plan
Realty shares edge higher after FM announces Rs 10 lakh crore allocation for PM Urban Housing Plan Nifty Realty is up over 0.7 per cent.
Share Market Today LIVE, Budget Day 2024 | NBCC and HUDCO shares in focus as FM announces to build three crore new houses under PM Awas Yojana
NBCC and HUDCO shares trade flat with a positive bias after FM announces to building of three crore new houses under PM Awas Yojana.
Share Market Today LIVE, Budget Day 2024 | New age company stocks in focus as FM announces e-commerce export hub will be created in collaboration with the private sector
Zomato and Paytm shares trade lower, while Nykaa shares trade unchanged after FM announced e-commerce export hub will be created in collaboration with the private sector.
Share Market Today LIVE, Budget Day 2024 | SBI, Canara Bank shares slip, while PNB rises after FM announces MSME credit guarantee scheme
FM announces to provide up to Rs 100 crore loans via MSME credit guarantee scheme, shares of SBI, Canara Bank shares slip, while PNB rises.
Share Market Today LIVE, Budget Day 2024 | Buy GAIL shares: Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying GAIL shares for a target of Rs 235 with a stop loss at Rs 215.
Share Market Today LIVE, Budget Day 2024 | Action in the broader market
Nifty Midcap 100 and Small Cap 100 decline during budget speech presentation.
Share Market Today LIVE, Budget Day 2024 | Action on sectoral front
Expect for Nifty Realty, Auto FMCG all other sectoral indices decline during the budget speech.
Share Market Today LIVE, Budget Day 2024 | Buy Tata Steel stock, says Mehul Kothari
Mehul Kothari of Anand Rathi Securities recommends buying Tata Steel shares for a target of Rs 180 with a stop loss at Rs 145.
Share Market Today LIVE, Budget Day 2024 | Agriculture-related stocks rise after FM announces to focus on research for increasing farm output
Jain Irrigation, Kaverii Seeds, UPL, and other agriculture-related stocks rise after FM's announces to boost the agriculture sector.
Share Market Today LIVE, Budget Day 2024 | Bajaj Finance trades on a muted note ahead of Q1; Morgan Stanley sees 31% potential upside after subsidiary’s June qtr show
Ahead of its results later today, NBFC major Bajaj Finance traded on a subdued note in Tuesday’s trade. At the last count, Bajaj Finance was down 0.5 per cent or Rs 36.2 at Rs 6,846, while the Nifty index traded with a cut of 0.2 per cent. Read more
Share Market Today LIVE: Nirmala Sitharaman to unveil her record 7th Union Budget shortly
What makes today's Budget special?
It is after five years that India awaits the presentation of a full-year Budget in the second half of the year following a Vote on Account in February.
Expectations are high - once again - that today's Budget will introduce several changes aimed at promoting growth and prosperity for both the economy and the common man.
Many experts and analysts have laid out their wishlists in the run-up to the much-anticipated event.
Share Market Today LIVE, Budget Day 2024 | Buy ITD Cementation shares: Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying ITD Cementation shares for a target of Rs 525 with a stop loss at Rs 498.
Share Market Today LIVE, Budget Day 2024 | Buy ITD Cementation, says Vikas Sethi
Vikas Sethi of Sethi Finmart Pvt Ltd recommends buying shares of ITD Cementation for a target of Rs 525 keeping a stop loss at Rs 498.
Share Market Today LIVE, Budget Day 2024 | Buy Tata Consumer Products stock, says Siddharth Sedani
Siddharth Sedani of Anand Rathi Shares & Stock Brokers recommends buying Tata Consumer Products shares for a target of Rs 1,265.
Share Market Today LIVE, Budget Day 2024 | Buy Tata Consumer Product, says Siddharth Sedani
Individual market expert Siddharth Sedani recommends buying shares of Tata Consumer Product for a target of Rs 1,265.
Share Market Today LIVE, Budget Day 2024 | Govt to take long term view of the economy, says Varun Alagh of Honasa Consumer Limited
“I am extremely optimistic about the budget and believe the government will continue to take long-term view of the economy. This for me will mean focus on stronger infrastructure investment, measures to boost job creation and improving consumption in the economy through better taxation for middle-class India,” says Varun Alagh, CEO & Co-founder, Honasa Consumer Limited.
Share Market Today LIVE, Budget Day 2024 | buy Taj GVK, says Sandeep Jain
Zee Business panelist Sandeep Jain recommends buying shares of Taj GVK for a target of Rs 360.
Share Market Today LIVE, Budget Day 2024 | L&T, Tata Steel, REC, GAIL, Cummins among analysts' top picks
In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Siddharth Sedani, Sandeep Jain, Jay Thakkar, Mehul Kothari, Vishvesh Chauhan, and Vikas Sethi share their top stock recommendations in this special segment, Budget Stock Exchange. Read more
Share Market Today LIVE, Budget Day 2024 | Keep an eye for renewable-energy related stocks, says Vikas Sethi
Vikas Sethi of Sethi Finmart Pvt Ltd suggests investors to focus on renewable energy-related stocks ahead of budget as he believes govt is likely to make an announcement that will be beneficial for this space.
Share Market Today LIVE, Budget Day 2024 | Market movement from Interim Budget, Feb 1, 2024 till now
>> Nifty 50 +13.5%
>> Nifty Bank +13.5%Sectoral Index
>> Nifty FMCG + 9.9%
>> Nifty Realty +33%
>> Nifty Auto +32%
>> Nifty Metal +23.3%
>> Nifty Pharma +16.54%
>> Nifty IT +7%
>> Nifty Energy +17.2%
>> Nifty Financial Services +15.4%Share Market Today LIVE, Budget Day 2024 | Murthy Nagarajan of Tata Asset Management on Economic survey
"There is a gap in RBI expectation and Economic Survey in terms of potential growth rates of the economy. Consumption expenditure forms 55 per cent of the economy which is growing at 4 per cent while the economy grew by 8 per cent last year as per the economic survey. Additional trust is expected from the monetary authorities to achieve GDP growth of over 6 per cent in the coming years. As CPI inflation moves towards 4 to 4.5 per cent, we can expect 50 to 75 basis points of rate cuts by RBI to support economic growth," says Murthy Nagarajan, Head-Fixed Income, Tata Asset Management.
Share Market Today LIVE, Budget Day 2024 | Federal Bank shares up 48% in 1 year hits all-time high price; check out the trigger
Shares of the private sector lender Federal Bank scaled new heights in early trade on Tuesday (July 23)- hitting their all-time highs of Rs 203.4, gaining over 5 per cent from the previous close. Read more
Share Market Today LIVE, Budget Day 2024: Sensex rises 250 pts, Nifty above 24,550
Headline indices, Sensex and Nifty are opening positive. Sensex rose 250 pts, while the Nifty50 is above 25,550 led by financial, energy sector stocks such as ICICI Bank, Axis Bank, SBI, and Tata Steel.
Forex Market Update: Rupee opens at 83.64 vs dollar; all eyes on Budget speech at 11 am
On Monday, the rupee settled at 83.66 against the greenback.
Share Market Today LIVE, Budget Day 2024: Sensex up 222 pts, Nifty at 24,569 in pre-opening trade
Headline indices have just finished the pre-opening trade with mild gains, with the Sensex up 222.2 points, or 0.3 per cent, at 80,724.3 and the Nifty50 at 24,568.9, up 59.7 points, or 0.2 per cent, from its previous close.
Share Market Today LIVE, Budget Day 2024 | Markets past performance on key Budget Day post elections: Can it be any different this time?
The Modi government has returned to power for the third straight time and the stage is all set for the seventh straight budget announcement by Finance Minister Nirmala Sitharaman at 11 am later today.
Share Market Today LIVE, Budget Day 2024 | PI Industries stock: Jay Thakkar
Jay Thakkar of ICICI Securities recommends buying PI Industries shares.
Share Market Today LIVE, Budget Day 2024 | Market movement on budget day in previous 10 years
Date Nifty 50 Nifty Bank 1st Feb 2024 -0.13% 0.42% 1st Feb 2023 -0.26% -0.35% 1st Feb 2022 1.37% 1.40% 1st Feb 2021 4.70% 8.26% 1st Feb 2020 -2.50% -3.30% 1st Feb 2019 0.58% -0.77% 1st Feb 2018 -0.10% -0.58% 1st Feb 2017 1.80% 2.60% 1st Feb 2016 -0.61% 1.12% 1st Feb 2015 0.65% 3.20% Share Market Today LIVE, Budget Day 2024: Buy KNR Cons stock, says Sandeep Jain; check out targets
Sandeep Jain of Tradeswift Broking suggests buying KNR Constructions shares for targets of Rs 430 and Rs 450.
Share Market Today LIVE, Budget Day 2024 | Buy REC, says Kunal Saraogi
Ahead of the Budget speech, individual market expert Kunal Saraogi recommends buying shares of REC at a target of Rs 637/ Rs 650 with a stop loss of Rs 607. He says the budget could be a dream budget.
Share Market Today LIVE, Budget Day 2024 | Markets action of budget post election
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Nifty 50 -1.14% -1.42% -4.38% -3.10%
Bank Nifty 0.01% -2.53% -8.20% -4.10%Share Market Today LIVE, Budget Day 2024 | Should you buy HAL, Exide Industries, Coforge, other stock today? Here is what brokerages recommend
As Dalal Street prepares for the July 23 session ahead of the Union Budget 2024, to be presented by Finance Minister Nirmala Sitharaman, there are several stock recommendations by global brokerages. Read more
Share Market Today LIVE, Budget Day 2024 | Budget day schedule
>> 8:40 am: The Finance Minister will leave her house in the morning and reach the ministry.
>> 9 am: Photo with the ministry team making the budget, which will then leave for the President's approval.
>> 10 am: Finance Minister and Minister of State enter Parliament with the budget (photo)
>> 11 am: Finance Minister will present the budget
>> 1 pm: PM Modi's reaction on the budget
>> 3 pm: Budget press conference with Finance Minister and team
Anil Singhvi Market Strategy July 23 | Important levels to track in Nifty50, Nifty Bank today as India awaits Nirmala Sitharaman's 7th Budget
Zee Business Managing Editor Anil Singhvi expects strong support for the headline Nifty50 index to emerge at 24,350-24,435 and higher levels at 24,585-24,660 till 11 am on Tuesday, July 23, when Finance Minister Nirmala Sitharaman is scheduled to make history by presenting her seventh Union Budget in a row. Read more
Traders' Diary | Buy, sell or hold strategy on Tata Power, Hero MotoCorp, NHPC, Alkem Labs, IGL, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Tuesday, July 23, 2024 - Budget Day. Check out the complete list of stocks on analysts Kushal Gupta and Ashish Chaturvedi's radar. Read more
Share Market Today LIVE: Take a look at top Nifty Bank gainers & losers since February 1
Top Nifty Bank Gainers
- SBI: up 35.6 per cent
- Federal Bank: up 33 per cent
- ICICI Bank: up 20.8 per cent
Top Nifty Bank Losers
- Bandhan Bank: down 11.3 per cent
- IndusInd Bank: down 6.6 per cent
- IDFC First Bank: down 6.5 per cent
Share Market Today LIVE, Budget Day 2024: Take a look at top Nifty gainers & losers since Interim Budget 2024
M&M and SBI have emerged the top blue-chip gainers between February 1 and July 18, rewarding investors with returns of 67 per cent and almost 36 per cent, respectively.
Top Nifty 50 Gainers
- Mahindra & Mahindra: up 67 per cent
- State Bank Of India: up 35.6 per cent
- Grasim Industries: up 33.6 per cent
- ONGC: up 31 per cent
- Power Grid: up 29.5 per cent
Top Nifty Losers
- Titan: down 10.75 per cent
- Indusind Bank: down 6.6 per cent
- Adani Enterprises: down 1.6 per cent
Share Market Today: This Tata group stocks to be in focus today; here is why
Tata Consumer Products' board is scheduled to meet today to consider a proposed right issue.
On Monday, the Tata group stock finished 1.3 per cent higher at Rs 1,202.6 apiece on BSE.
The stock is up 11.7 per cent so far in 2024, in line with a 12.7 per cent rise in the headline Nifty50 index.
Share Market Today LIVE: Should you buy, sell or hold HAL, Coforge, Supreme Industries, Exide Industries stocks today?
Here's what Morgan Stanley, Jefferies, JPMorgan, Citi, CLSA, and Nomura make of a bunch of stocks including Hindustan Aeronautics Ltd (HAL) and Exide Industries (EXIDEIND).
Share Market Today LIVE: SpiceJet stock in the spotlight
The private sector airline's board is slated to meet today to consider raising funds through the qualified institutional placement (QIP) route.
Share Market Today LIVE, Budget Day 2024: RailTel stock to be in focus today; here is the latest trigger
RailTel Corporation - a PSU - has bagged an order worth Rs 187 crore from the Railway Ministry.
Share Market Today LIVE, Budget Day 2024: GIFT Nifty futures indicate a positive opening on Dalal Street today
GIFT Nfity futures - an early indicator of the headline Nifty50 index - are up 40.4 points, or 0.2 per cent, ta 24,549.5 at this hour, suggesting a positive opening to the day on Dalal Street.
Share Market Today Live, Budget Day 2024: How key sectoral indices have fared on NSE
Between February 1 and July 18, the Nifty Realty, the Nifty Auto and the Nifty Metal have emerged top gainers among NSE's sectoral gauges.
- Nifty Realty +33%
- Nifty Auto +32%
- Nifty Metal +23.3%
- Nifty Energy +17.2%
- Nifty Pharma +16.54%
- Nifty Financial Services +15.4%
- Nifty FMCG + 9.9%
- Nifty IT +7%
Share Market Today LIVE, Budget Day 2024: How Nifty50 & Nifty Bank have fared since February 1 Budget
Between February 1, 2024, the day the government unveiled Interim Budget 2024, till Thursday, July 18, 2024, the Nifty50 and the Nifty Bank have gained about 13.5 per cent.Share Market Today LIVE, Budget Day 2024: Take a look at Nifty50 & Nifty Bank Budget day moves over 10 years
While the Nifty50 has declined on five occasions on the day of the presentation of the Union Budget in Parliament over the past 10 years, the high-beta Nifty Bank gauge has dropped on four:
Date Nifty 50 Nifty Bank Feb 1, 2024 -0.13% 0.42 Feb 1, 2023 -0.26% -0.35% Feb 1, 2022 1.37% 1.40% Feb 1, 2021 4.70% 8.26% Feb 1, 2020 -2.50% -3.30% Feb 1, 2019 0.58% -0.77% Feb 1, 2018 -0.10% -0.58% Feb 1, 2017 1.80% 2.60% Feb 1, 2016 -0.61% 1.12% Feb 1, 2015 0.65% 3.20% Share Market Today LIVE, Budget Day 2024: Bajaj Finance (BAJFINANCE), Hindustan Unilever (HINDUNILVR), ICICI Prudential (ICICIPRULI), Torren Pharma (TORNTPHARM) among some 36 firms scheduled to report results today
- 7TEC
- AGSTRA
- ASIIL
- BAJFINANCE
- BLUECOAST
- DCMSHRIRAM
- DYNAMICP
- ECOBOAR
- EKI
- GARGFUR
- GGENG
- HERITGFOOD
- HINDUNILVR
- HUHTAMAKI
- ICICIPRULI
- ICRA
- INDOCO
- INFOBEAN
- ISEC
- KAJARIACER
- M&MFIN
- MICEL
- NEXTMEDIA
- PARAGMILK
- RANEENGINE
- SCHAEFFLER
- SHARDACROP
- SPICEISLIN
- SRF
- SSWL
- SURANAT&P
- THYROCARE
- TORNTPHARM
- UNITDSPR
- WELSPLSOL
Share Market Today LIVE, Budget Day 2024: HCLTech, Shree Cement, Indian Overseas Bank, Zensar, Shriram Finance, other stocks to track today
Around 20 stocks are scheduled to trade ex-dividend today - the day the finance minister is scheduled to present her seventh Budget in Parliament, including HCLTech, Novartis India, Rainbow Children's Medicare, Shree Cement, Shriram Finance, Goodyear, Data Patterns, and Tube Investments.
Around three dozen companies are slated to report their quarterly numbers on the same day, including Bajaj Finance, HUL, ICICI Pru, Torrent Pharma, M&M Financial, USL, and SRF.
Share Market Today LIVE, Budget Day 2024: Nifty formed a doji-like pattern on Monday
After recovering well from initial intraday weakness, although ending marginally in the negative, the Nifty50 index formed a doji-like on Monday, July 22, says Deepak Jasani of HDFC Securities.
"The Union Budget presentation on July 23 will likely create enough intraday volatility on that day. Nifty could face resistance at 24661 and later at 24801 in the near term while 24141 could provide support on falls," he points out.
Share Market Today LIVE, Budget Day 2024: Can you expect big income tax announcements today?
Every Budget drives hopes for some relief in the form of income tax sops, and the upcoming Budget is no different.
This time, income tax assessees widely expect an increase in the deduction limit to Rs 1.5 lakh per financial year under Section 80C of the Income Tax Act, a doubling of the standard deduction from Rs 50,000 to Rs 1 lakh, and an increase in the basic limit under the new regime from Rs 3 lakh to Rs 5 lakh, according to Zee Business research.
FOLLOW THESE LINKS: For latest updates on Union Budget 2024 & income tax announcements
Share Market Today LIVE, Budget Day 2024: 10 things to know before Nirmala Sitharaman unveils her record 7th Budget
Today's Budget - the first Union Budget of the Narendra Modi 3.0 administration - is poised to outline the economic contours for the entire nation, impacting policymakers, businesses, taxpayers, senior citizens, and the common man alike. It is eagerly anticipated for its implications across various sectors and facets of the economy.
Check out 10 essential things you must know before Finance Minister begins her Budget speech
Share Market Today LIVE: All eyes on fiscal roadmap, key allocations in today's Budget
Economists will keenly look out for the government’s take on the fiscal deficit – or the difference between a government's total revenue and total expenditure in a given year, containing which is crucial for a government in order to promote sustainable economic growth and to ensure macroeconomic stability.
As per Interim Budget 2024, the fiscal deficit is pegged at 5.1 per cent of GDP in FY25, 80 bps below the actual reading of the previous fiscal year and much lower than a simple average of 7.5 per cent recorded in the past three years.
Allocations to big-ticket sectors will be in the spotlight.
In Interim Budget 2024, Rs 2.55 lakh crore is earmarked for the railway sector, Rs 6.21 lakh crore for defence, and Rs 2.78 lakh crore for roads and highways.
Share Market Today LIVE: Sensex lost 107 points after Finance Minister's Interim Budget speech on February 1
On February 1, the day the Narendra Modi 2.0 government unveiled its last Budget before going into the 2024 general polls, the Sensex ended 106.8 points, or 0.1 per cent, lower at 71,645.3, while the Nifty lost 28.3 points to settle at 21725.7.
Share Market Today LIVE: Sensex, Nifty50 suffered minor losses on Budget eve, falling for 2nd straight session
Both headline indices edged 0.1 per cent lower on Monday amid selling pressure in energy and FMCG shares although buying interest in auto stocks lent some support, keeping the downside in check.
On Monday, the Sensex lost 102.6 points to end at 80,502.1 while the Nifty50 settled with a cut of 21.7 points at 24,509.3.
Share Market Today LIVE: Nirmala Sitharaman set to make history today; all eyes on her 7th Budget speech
Finance Minister Nirmala Sitharaman will be making history today by presenting her 7th Union Budget in Parliament, starting at 11 am.
Domestic equity benchmarks Nifty 50 and Sensex are all set to make a mildly positive start to the day, with GIFT Nifty futures inching 0.1 per cent higher.
Share Market Today LIVE, Budget Day 2024: GIFT Nifty futures inch higher, suggest a positive start ahead on Dalal Street
GIFT Nfity futures - an early indicator of the Nifty50 index - are up 32.5 points, or 0.1 per cent, at 24,543 at this hour, suggesting a positive start to the day for the headline Nifty50 index.
Good morning! Welcome to Zeebiz.com's blog on the stock market on July 23 - the day Finance Minister Nirmala Sitharaman makes history
Follow this space to catch minute-by-minute updates from Dalal Street on the Budget day, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, stock picks, brokerage calls, and much more throughout the historic July 23 session.
Happy trading, and happy investing!
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