Budget 2025: BSE Sensex over 300 points up; Nifty50 above 23,612 on special trading session day for Union Budget

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green for the special Budget 2025 trading session. While BSE Sensex was above 77,700, Nifty50 was above 23,500. At 11:33 AM, BSE Sensex was trading at 77,828.95, up 328.38 points or 0.42%. Nifty50 was at 23,612.65.65, up 104.25 points or 0.44%.
Amidst global equity market concerns over Trump’s tariff threats, the Indian markets opened steady on Budget day, with investors awaiting Finance Minister Nirmala Sitharaman’s proposals, particularly regarding income tax reductions to enhance domestic spending
The Budget presentation in Parliament is scheduled for 11 a.m.IST.
Following the Budget of July 23, the Nifty has declined by 4%, with mid-cap and small-cap indices falling by 4.6% and 8.1% respectively, due to reduced economic growth affecting corporate performance and overseas investment interest.
Also Check | Income Tax Slabs Live Updates for Budget
The Economic Survey forecasts India’s FY26 GDP growth between 6.3%-6.8%, consistent with the current fiscal year’s projection of 6.4%.
Whilst the Budget is anticipated to focus on growth measures, analysts expect modest increases in capital expenditure.
Among Sensex constituents, Sun Pharma, Adani Ports, UltraTech Cement, IndusInd Bank, and NTPC showed gains, whilst Titan, Nestle India, Kotak Bank, and Asian Paints declined.
Sun Pharma led the Sensex with over 2% gains after reporting Rs 2,903 crore Q3 net profit, exceeding market expectations of Rs 2,847 crore.
Railway stocks surged up to 4% as investors anticipated increased sector spending in the Budget. RVNL, Titagarh Rail Systems, RailTel Corp, Ircon International, and IRFC showed.
Also Check | Budget 2025 Live Updates
“On the Budget day the market reactions will be quick in response to Budget announcements. A major expectation from the Budget is a cut in personal income tax to provide relief to the middle class and boost consumption, thereby facilitating growth recovery. The extent of the tax relief remains to be seen. The fact is that there is no fiscal space for big relief,” said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
“The market will be looking for growth stimulating measures; not market-related taxation reliefs like changes in the capital gains taxation,” Vijayakumar added.
“The market response to the Budget will not last more than a few days. Trends in growth and earnings recovery will dictate the medium to long-term market direction,” Vijayakumar said.
Hardik Matalia from Choice Broking noted potential Nifty support at 23,400, 23,300, and 23,200, with resistance at 23,600, 23,700, and 23,800.