Read more about Benchmarks at day s high; healthcare stocks in demand on Business Standard. In broader market, the S&P BSE Mid-Cap index was up 0.53% while the S&P BSE Small-Cap index was up 0.38%.
State-run banks
The government announced it was forming an asset management company to take over stressed assets of banks in an effort to clean up one of the world’s worst pile of bad loans. Banks, insurers rose on plans for setting up a bad-debt manager. State Bank of India Ltd., Bank of Baroda, Canara Bank, Union Bank of India, Bank of India and Punjab National Bank could be among the beneficiaries.
Textiles
Sitharaman’s announcement of the establishment of seven mega textile parks to be launched in three years could boost the sector, benefiting companies including Century Textiles Ltd., Raymond Ltd., Trident Ltd. and Arvind Ltd. among others.
Union Budget 2021: Who Gained & Who Lost? Published by GulteDesk February 01, 2021
The Union Budget 2021 announced today by Finance Minister Nirmala Sitharaman attracted huge criticism, especially from the Telugu states. The Finance minister sanctions for Tamil Nadu and other southern states but snubbing the Telugu states’ demands once again is fueling more angst.
Apart from the center and finance ministries’ biased budget this year, there are fields that gained and there are losers with the budget announcement this year. While the pandemic took a hard toll on the economy the recession joined it to impact the same. Let us have a look at the winners and losers with the budget announcements.
Union Budget 2021: Healthcare stocks like Fortis, Apollo Hospital, SRL Logistics in focus on introduction of Aatmanirbhar Health Yojana
The healthcare sector was among the biggest gainers in the last 10 months given the opportunities made available in the light of the pandemic. The BSE Healthcare index rallied 87 percent from March 23 s closing low.
Representative image (PC- MoneyControl.Com)
In the aftermath on COVID-19, Finance Minister Nirmala Sitharaman s Budget speech focussed on allocation to healthcare sector. She introduced the Aatmanirbhar Health Yojana with an outlay of Rs 64,180 crore over six years.
This will strengthen the National Centre for Disease Control, she said.
Budget 2021: The Winners, Losers and the Largely Unaffected
There is no âbad newsâ in the budget but at the same time, the average consumer has not been left with more money in her pocket.
India s Finance Minister Nirmala Sitharaman (C) stands next to Minister of State for Finance and Corporate Affairs Anurag Thakur (3rd L) as she leaves her office to present the federal budget in the parliament in New Delhi, India, February 1, 2021. Photo: Reuters/Anushree Fadnavis
Health01/Feb/2021
New Delhi: The Narendra Modi government’s first Union budget since the pandemic has walked a tight line in ensuring that the Indian economy is steered out a historical contraction in GDP while trying to find more financial resources to fight the economic effects of the lockdown.