Budget 2025: Winners and Losers Across Key Sectors
Index surged 3%, marking its best day in eight months, as lower taxes are expected to boost consumer spending.
Two-wheeler stocks, including Bajaj Auto, Hero MotoCorp and Eicher Motors, rose 1.4% to 4% as tax cuts aimed at increasing disposable income lifted sentiment.
The real estate index gained 3.4%, logging its best session since June 6, 02024. Phoenix Mills led the rally with a 7.5% jump.
Policy support for the leather industry saw Bata India and Liberty Shoes rise 6.2% and 7.3%, respectively.
Stocks linked to fisheries also gained after the government announced plans for sustainable development in the sector.
Infra-related stocks declined 1.1% as the budget outlined only a 'modest' increase in capital expenditure, disappointing investors.
HDFC Life, SBI Life, and ICICI Prudential Life fell 1-3% as revised tax slabs reduced the attractiveness of tax-saving insurance products.