Market Opens Strong on Budget Day

On the special trading session for the Union Budget 2025, the Indian stock market witnessed a robust opening. The BSE Sensex and Nifty50, India's benchmark indices, both opened in the green. By 9:41 AM, the Sensex was up by 203 points, trading at 77,703.17, while the Nifty50 gained 38 points, reaching 23,546.65.

Amid global concerns over trade tariffs, the Indian markets remained steady, with investors eagerly awaiting Finance Minister Nirmala Sitharaman's budget proposals, particularly those aimed at reducing income taxes to stimulate domestic spending.

Anticipated Growth Measures

Analysts predict that the Budget will focus on growth measures, with modest increases in capital expenditure. The Economic Survey forecasts India's GDP growth for FY26 to be between 6.3%-6.8%, aligning with the current fiscal year's projection of 6.4%.

Stock Highlights

Among the Sensex constituents, Sun Pharma led the gains with over 2% after reporting a Q3 net profit of Rs 2,903 crore, surpassing market expectations. Railway stocks also surged up to 4%, with investors anticipating increased sector spending in the Budget.

Market Expectations

Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, emphasized the market's anticipation for growth-stimulating measures rather than market-related taxation reliefs. He noted that while the market's response to the Budget announcements would be swift, the medium to long-term market direction would be dictated by trends in growth and earnings recovery.