In the last Budget speech of the Modi 2.0 government, the FM said the scheme will help deserving sections of the middle class, who are currently living in rented houses or slums or chawls and unauthorised colonies, to buy or build their own houses. The top gainer in the pack was HUDCO, whose shares jumped 18% to hit a 52-week high of Rs 204.40 on the NSE. Repco Home Finance surged up to 14% and also hit a 52-week high of Rs 463.25.
Analysts had expected government capex to further increase by 10-15% for FY25. In FY24, the government had pegged a capex target of Rs 10 lakh crore. Of the total outlay for FY25, the government has allocated Rs 2.78 lakh crore for the road transport and highways ministry, and Rs 2.55 lakh crore for railways.
Government bond yields slid to their lowest levels since June, bringing down the cost of borrowing across the economy, as the Centre took the unusual step of dipping into a tax fund kitty to bring down its gross debt issuances for FY25, pleasantly surprising the market with lower supply.
Updated Feb 02, 2021 | 09:41 IST
Among Nifty stocks, Tata Motors was the top gainer, up 5.80% followed by L&T and HDFC Bank that rallied 5.10% and 4% respectively. Sensex today
New Delhi: Indian equity markets opened sharply higher on Tuesday, extending Budget day gains as the government target to revive economic growth through higher spending. Positive global markets also boosted sentiments. As of 9:21 am, the Sensex was up 1025 points at 49,626.28 while the NSE benchmark Nifty50 index was higher by 2.12% or 302.05 points at 14,583.25. Broad-based buying was visible in the market with banking stocks leading gains.
Among Nifty stocks, Tata Motors was the top gainer, up 5.80% followed by L&T and HDFC Bank that rallied 5.10% and 4% respectively. SBI, Bajaj Finance, HDFC, UPL, Axis Bank, Tech Mahindra, Hindalco, ONGC, Wipro, UltraTech Cement, Gail, Grasim, ICICI Bank were among the other prominent gainers in the Nifty, rising between 2.31%-2.98%. Except
Union Budget Speech 2021-22: FY21 deficit at 9.5% shows govt expenditure increased, says FM
Union Budget Speech 2021-22: FY21 deficit at 9.5% shows govt expenditure increased, says FM
FM Nirmala Sitharaman said Budget 2021 depends on six pillars of health & well-being, physical & financial capital & infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation & R&D, minimum government and maximum governance.
Updated Feb 01, 2021 | 07:13 PM IST
FM Nirmala Sitharaman began her Union Budget 2021 speech at 11 am Monday amid heckling by parliamentarians. Among big-ticket measures, FM proposed a Rs 64,180-crore Aatmanirbhar Swastha Bharat scheme in view of the pandemic. Only three times has the Budget followed a contraction in the economy. This time, unlike before, the situation is due to a global pandemic. Budget 2021 provides every opportunity for the economy to capture the pace and grow sustainably, she began.