Top Gainers And Losers In Stock Market On Budget Day 2024

Finance Minister Nirmala Sitharaman presented the interim budget for 2024 on Wednesday. Although the full budget for the next fiscal year 2024-25 will be presented after the general election, Sitharaman made key announcements and provided a glimpse of the government's roadmap for FY25. Infrastructure spending and improving the ease of doing business continue to be key focus areas. The Finance Minister initiated her speech by highlighting the achievements of the Modi government.

On Budget Day 2024, Sensex ends up 107 pts lower as Budget fails to cheer bulls; Nifty below 21,700; Maruti gains 4 per cent, India Cements falls 7 per cent. Here’s a list of winners and losers from the federal budget announcements:

Today's Sensex top gainers

? Today's Sensex top Losers

Today's Most Active Stocks

Following are the highlights of the interim Budget 2024-25:

• No change in direct, or indirect tax rates
• Withdraws income tax demands up to Rs 25,000 till 2009-10; Demands up to Rs 10,000 from 2010-11 to 2014-15 also withdrawn
• Move to benefit about a crore taxpayers
• A scheme to help middle class living in rented houses to buy or build their own houses
• Tax benefits to startups and investments made by sovereign wealth or pension funds extended by 1 year till March 31, 2025
• Capital expenditure hiked 11 pc to Rs 11.11 lakh cr
• Fiscal deficit for 2024-25 projected at 5.1 pc, lower than 5.8 pc this fiscal
• Govt to borrow Rs 14.13 lakh crore in next fiscal, lower than Rs 15.43 lakh crore in 2023-24
• Nominal GDP for next fiscal (2024-25) projected at 10.5 pc
• Mop-up from Central Public Sector Enterprises (CPSEs) disinvestment pegged at Rs 50,000 crore for next fiscal, up from Rs 30,000 crore in 2023-24
• Gross tax revenue target for 2024-25 hiked 11.46 pc to Rs 38.31 lakh crore, from Rs 34.37 lakh crore this fiscal
• Direct tax collection target set at Rs 21.99 lakh crore; indirect tax at Rs 16.22 lakh crore
• Next five years of unprecedented development to help realise goal of developed India by 2047
• Govt to come out with a white paper on mismanagement of economy prior to 2014
• Govt to take up next-generation reforms in consultation with states, stakeholders
• Govt to form high-powered panel to address population growth challenges and demographic changes
• A Rs 1 lakh crore corpus to be established with 50 years interest-free loan for youth.

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