Stocks of consumer goods companies (like Hindustan Unilever, Nestle) went up because people had more money to spend due to tax cuts.
Car companies like Bajaj Auto, Hero MotoCorp, and Maruti Suzuki also benefited from the expected rise in consumer spending.
Real Estate:
Real estate companies (like Phoenix Mills, Bata India) saw their stocks rise because the government’s policies were expected to boost the buying power of middle-class people.
Infrastructure:
Stocks of infrastructure companies (like Larsen & Toubro) went down because the government’s planned spending on infrastructure (11.2 trillion rupees) was seen as not enough to make big improvements in this area.
Insurance:
Stocks of insurance companies (like HDFC Life, SBI Life) fell because higher tax limits meant fewer benefits for people investing in tax-saving insurance products.
Overall Market Impact:
The budget aimed to boost economic growth through tax cuts and support for various sectors, but its impact was different for each industry.
Some sectors saw benefits, while others were concerned that the planned spending on infrastructure might not be enough to drive major growth.
