Interim Budget Keeps Markets Buoyant

The power and metal sectors have experienced robust gains, thanks to the sectoral boost provided in the budget 

The domestic indices experienced a tumultuous fortnight leading up to the interim budget on February 1, 2024. Despite consecutive sessions of sharp rises and falls, the BSE Sensex and Nifty 50, the benchmark indices, ultimately concluded the period with gains of 0.56 per cent and 1.07 per cent, respectively. The broader indices sustained growth with the BSE Mid-Cap index gaining 1.89 per cent and the BSE Small-Cap index outperforming others with gains of 3.17 per cent. The interim union budget prioritises both economic growth and inclusivity while also focusing on fiscal consolidation.