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Budget 2024-25 KEY Highlights | Budget Complete Details | DMS 742
Original: Budget 2024-25 KEY Highlights In Telugu | Budget Complete Details | DMS 742
Takeaway
Interim Budget delivered few surprises and Fed pushing back March rate-cut hopes - markets gave up early gains.
Summary
- Interim Budget 2024-25 - no major personal taxation changes (it's an interim budget pre-election).
- Sensex -106 pts to 71,645; Nifty -36 pts to 21,689; mid-cap -0.47%, small-cap -0.33%; Bank Nifty +0.42%.
- US Fed held rates - Jerome Powell signaled March rate cut may NOT happen, going against market expectations.
- Market opened positive on budget hopes but fell as the budget lacked stock-market-pleasing announcements.
- Deepak Fertilizers showed weak top-line and bottom-line YoY and QoQ - stock under pressure post-results.
BudgetInterim BudgetUS FedDeepak FertilizersMarket News
Original description
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