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Markets Today- 01 Feb 25
Fourth day of consolidation in Green… Altogether sensex has jumped 2100 points in Pre Budget Rally.. in last 4 sessions.
Indian Markets surged on Finance minister’s Economic Survey projections, Data and Planning.
Market has indeed welcomed the GDP growth rate projection at 6.3 to 6.8% for 2025-26
And this resulted in gains in Capital goods, PSU, Consumer durables, railways etc
For a change after months, all sectors were in Green Yesterday.
The economic survey did uplift the market mood but the survey also cautioned about likelihood of Meaningful Correction in US markets which will have cascading effect on Indian markets too…!!
Altogether VIX levels has further improved to 16.25 from 17.39.
As it’s Budget Day, Markets are open today, However Equity orders placed today will not be available for SELL on 03 Feb.
Levels Today
It’s most important day of Markets in complete year… THE BUDGET DAY!!
No levels are gonna work today…… 😊
What will work is speech of FM in Parliament today. As Budget unfolds, markets and respective sectors are gonna react to same.
Some Budget expectations which we all look up to … FM as an indl.
- Change in Income tax slabs by giving some relief, like no tax till 8/10 lakh slab, ….
- income tax of 30% slab after 25/30 lakhs instead of present at 15 lakhs.
- Bring back SGB to market or something akin/alternative to it.
- Addition of some new section for tax rebate in new scheme to make it more attractive
- Enhancement of standard deduction both in New and Old Scheme
- Free HPV vaccine for Girls.
- Introduction of New Income Tax bill in Parliament modelled on Direct Tax Code.
- some tax exemption in Petrol/Diesel price
- Tax rebate or concession on buying Electric cars
- Some incentives for first time home buyers
- Some concession for investment in REIT and InvITs.
- Announcement of affordable Housing scheme .
- Improving LTCG/STCG
What can boost market today or doom market today are following–
- Boosting Growth
- Increasing Capital Expdr or in short Capex
- stimulating consumption by reducing Income tax
- fiscal goals
- cutting fiscal deficit
Rest all reactions will be sector oriented especially EV, Renewable Energy, consumption, Railways Agriculture and Infrastructure.
The Mint has projected a market move within 4% today —–eitherside.
Remember last three budget speeches have ended in Negative closing. Will it break this jinx or it will be 4th in row?? 🤞🤞🤞
All the best to all investors… Budget begins at 11 am… And till then Breathe long and wish for a strong budget for Country, Market and we the middle class people.
Happy Budget Day
Note: All investments are subject to market risks. Please check the fundamentals and other stock market parameters carefully in detail before investing. Also, it is always good to consult a qualified financial advisor for stock market investments. Opinions and Recommendations above are Authors’ personal, you are should carry out your own checks & balances and due diligence before investment.
