Indian markets celebrated Finance Minister Arun Jaitley‘s Budget with both Sensex and Nifty closing with a gain of around 1.8 percent as they celebrated no introduction of long term capital gain (LTCG) on equity stocks and keeping the service tax unchanged. Below is an analysis of how the Budget impact various sectors.
Indian benchmark indices celebrated Finance Minister Arun Jaitley’s Budget with a run-up of 1.8 percent on Wednesday. While the Budget was a no-shocker event, a few key announcements stood out. The agriculture sector received a major boost with an outlay of Rs 10 lakh crore. In auto, the focus was on infrastructure and reduction in individual tax rates in the Rs 2.5-Rs 5 lakh category. Here, we present to you the measures, impact and stocks to watch for in key sectors.