Live Updates on Union Budget 2024-25 and Its Impact on the Stock Market

Tuesday, 23 July 2024, 02:06
As Finance Minister Nirmala Sitharaman presents the Union Budget for 2024-25, the Sensex has experienced a decline, sliding 300 points. The Nifty50 index is trading around 24,450, down 50 points, indicating a bearish sentiment among investors. Broader market indices, including the BSE MidCap and BSE SmallCap, have also faced losses, dropping by up to 0.45%. In conclusion, the initial market reaction suggests cautious optimism as stakeholders digest the implications of the government's budget proposals.
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Live Updates on Union Budget 2024-25 and Its Impact on the Stock Market

Union Budget 2024-25 Stock Market Update

The presentation of the Union Budget of India by Finance Minister Nirmala Sitharaman is significantly influencing the stock market.

Market Performance Overview

  • Sensex slides down by 300 points.
  • Nifty50 hovers around 24,450, reflecting a drop of 50 points.
  • BSE MidCap and BSE SmallCap indices decline by up to 0.45%.

Investor Sentiment

The initial bearish trend indicates a cautious outlook from investors, who are closely analyzing the budget impacts.

Conclusion

  1. Monitor subsequent market reactions as details unfold.
  2. Assess how budget allocations will affect specific sectors.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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