Stocks to buy or sell before Budget 2024, Trading tips for stock market today: Ahead of the budget 2024 and the US Fed meeting outcome, the Indian stock market concluded higher on Wednesday. While the Nifty 50 index ended 203 points higher at the 21,725 level, the BSE Sensex garnered over 612 points and closed at the 71,752 mark. On the other hand, the Bank Nifty index shot up 629 points and closed at the 45,996 level.
Budget 2024 announcement: Union Finance Minister Nirmala Sitharaman will present the Interim Budget 2024-25 on February 1. The full budget for FY25 will be presented after the formation of the new government following the Lok Sabha elections 2024.
FM Sitharaman did not propose to make any changes relating to taxation and propose and retained the same tax rates for direct taxes and indirect taxes including import duties.
Prime Minister Narendra Modi, hailing what he called the first budget of Amrit Kaal, said that it would lay a strong foundation for building a developed India by 2047.