Finance Minister Nirmala Sitharaman on Tuesday said buyback of shares will be taxed in the hands of shareholders similar to dividend from October 1, a move that will increase the tax burden on investors.

Aimed at the trinity of fiscal prudence, investment, and growth momentum, the Union Budget saw the introduction of employment incentives and a simplified income tax regime, which should boost consumption.

The company is yet to finalize the amount of its upcoming interim dividend for the financial year 2024-25, pending approval. This will be its second interim dividend for the fiscal year, following an earlier payout of Rs 11. In the previous calendar year, the company distributed three interim dividends Rs 11 in December 2023, Rs 18.50 in May 2023, and Rs 20.50 in February 2023.

Coca-Cola raised its annual organic sales and profit forecasts on Tuesday, signaling consumers are willing to spend more for the beverage giant's higher-priced sodas, energy drinks and juices mainly in international markets.

The reaction of the street to the increase in both short and long capital gains tax is stronger because it was not expected by any section of the market. Specially, mid caps segment which has been sitting on big gains is the one which is facing more cuts. Today and for may be for some more time this increase would impact the sentiment, but in the long term it is the economy and earning which matters to the street. Now the question is whether the budget is a step in the right direction when it comes to the economy. Forget economists, even anyone on the street has any doubt about it. So while investing, ignore the short term noise and focus on the fundamentals of the company and track record of the promoters.

Union Budget 2024 benefits pharma, healthcare by exempting AstraZeneca's cancer drugs Trastuzumab Deruxtecan, Osimertinib, Durvalumab, boosting stock 13%. Reduces duties on x-ray tubes, flat panel detectors for medical x-ray machines, enhancing domestic capacity. Increases PLI scheme allocation to Rs 2,143 crore, aiding cancer patients.

The company is yet to finalize the amount of its upcoming interim dividend for the financial year 2024-25, pending approval. This will be its second interim dividend for the fiscal year, following an earlier payout of Rs 11. In the previous calendar year, the company distributed three interim dividends Rs 11 in December 2023, Rs 18.50 in May 2023, and Rs 20.50 in February 2023.

Leading the Sensex pack, Titan and ITC saw significant gains, rising 6.6% and 5.5%, respectively. Adani Ports, NTPC, Infosys, and HCL Tech also closed higher. However, L&T, Bajaj Finance, SBI, Axis Bank, HDFC Bank, and Asian Paints faced declines. The market capitalisation of all listed companies on BSE declined by Rs 1.89 lakh crore to Rs 446.43 lakh crore.

The Union Budget 2024 has measures for providing support to poor, women, youth and farmers. There is a provision of Rs 1.5 lakh crore towards education, employment and skilling. These measures augur well for the FMCG companies as they may result in more disposable income.

The Nifty Realty index became the top sectoral loser today, falling by 2.3% as 9 out of 10 stocks ended the day in red, with Lodha being the top loser of the sector, dropping nearly 5%.

Government allocates Rs 84,700 crore to PM Awas Yojana, Rs 19,000 crore to Pradhan Mantri Gram Sadak Yojana. Cement makers like Ultratech, Ambuja, Shree, JK to benefit. Rs 26,000 crore for Bihar highways, Rs 15,000 crore Andhra Pradesh package, Rs 24,900 crore for metro projects. 100 cities to receive water supply, sewage, and waste management projects.

Shares of railway stocks fell up to 8% on BSE today after the Union Budget disappointed the Street, with no sector-specific announcements or allocation by the Finance Minister Nirmala Sitharaman.

Finance Minister Nirmala Sitharaman raised securities transaction tax (STT) in the futures and options (F&O) segment in Budget 2024 on Tuesday. ET Markets Editor Kshitij Anand spoke to Amisha Vora, Chairperson & MD, Prabhudas Lilladher to decode the Budget 2024. Watch!

Union Budget 2024 by Finance Minister Sitharaman raised STCG to 20%, LTCG to 12.5%, increased exemption limits, and hiked STT on F&O. It proposed taxing buyback income and aligned it with dividends, allowing capital loss offset. Analysts such as Ashish Nanda and Sanjay Sinha foresee market consolidation and balanced sectoral growth, focusing on fiscal responsibility and employment generation.

Leading the Sensex pack, Titan and ITC saw significant gains, rising 6.6% and 5.5%, respectively. Adani Ports, NTPC, Infosys, and HCL Tech also closed higher. However, L&T, Bajaj Finance, SBI, Axis Bank, HDFC Bank, and Asian Paints faced declines.

NSE CEO Ashish Chauhan termed Budget's tax changes minor, aiding capital formation. Market correction blamed on investor misunderstanding. Praised 4.9% fiscal deficit, Rs 11 lakh crore infrastructure investment, job creation, and buybacks. Future F&O changes expected from regulators. Government avoids populism, despite Bihar and Andhra Pradesh considerations.

The government has made a provision of Rs 2.66 lakh crore for rural development including rural infrastructure. Finance Minister Nirmala Sitharaman, in her 7th Union Budget speech, also made a provision of Rs 1.52 lakh crore for agriculture and allied sector

Finance Minister's Union Budget speech raises Securities Transaction Tax and capital gains taxes, impacting stock broking companies. Analysts have mixed views on the changes, with some seeing it as a positive move to control speculation. Market reacts with varying stock price movements for companies like Angel One, Motilal Oswal, and ICICI Securities.

Shares of housing finance companies dropped post-budget as FM Sitharaman announced 3 crore more houses under the PM Awas Yojana. Analysts see positive impact on sector despite initial market reaction.

Today and for may be for some more time this increase would impact the sentiment, but in the long term it is the economy and earning which matters to the street. Now the question is whether the budget is a step in the right direction when it comes to the economy.

The announcement highlighted the government's plans for the digitization of land records, both in urban and rural areas, as a part of a broader strategy to enhance economic efficiency and transparency. The Finance Minister announced plans for the digitalization of both urban and rural land records. States will be incentivized to implement land-related reforms and actions over the next three years through appropriate fiscal support.

While taxation of tobacco is primarily under the purview of the GST Council, the central government also levies NCCD on cigarettes, subject to changes in the Budget. Of late, the taxation regime has been stable aiding both volume growth for the legal cigarette industry and tax collections, BofA said.

SpiceJet aims to raise 30 billion rupees through securities for institutional investors to restore operations amid India's aviation growth. Facing quarterly losses, market share fell to 4.2% in June, below Akasa Air’s 4.7%. Competitors like IndiGo expand fleets. With 1.87 billion rupees cash, shares rose 7%. Regulatory challenges and lessors' deregistration requests persist.

The Union Budget 2024-25 increased customs duty on specified telecom equipment to 15%, causing significant stock declines and a 497.22-point drop in Sensex. HFCL, Vodafone Idea, and others dipped, while Kavveri Telecom, Shyam Telecom, and Indus Towers gained. Critical minerals were exempt to help strategic sectors.

In this year's Union Budget, the Indian jewellery industry sought a reduction in gold import duty, along with a 0.5% concession on imports through the India International Bullion Exchange. Additionally, the industry requested permission to export through IIBX and for all gold imports to be exclusively channelled through this exchange.

Stocks of capital goods giants nosedive up to 8% on BSE as Finance Minister maintains massive expenditure target. Government's bold move sparks fears and excitement in the market. Experts weigh in on the impact of this decision on India's economic growth and job creation.

In this year's Union Budget, the Indian jewellery industry sought a reduction in gold import duty, along with a 0.5% concession on imports through the India International Bullion Exchange. Additionally, the industry requested permission to export through IIBX and for all gold imports to be exclusively channelled through this exchange.

For employment and skilling, the FM announced the Prime Minister's pet schemes and initiatives for 4.1 crore youth over a 5-year period with a central outlay of Rs 2 lakh crore. This year, the financial minister has made a provision of Rs 1.48 lakh crore for education, employment, and skilling.

Sithraman said the government’s focus was on energy security and sais a policy document on energy transition pathways will be released. The PM Surya Ghar Muft Bijli Yojana was launched by the Modi 2.0 government to install rooftop solar plants, providing free electricity up to 300 units per month to 1 crore households.

Shares of MapmyIndia currently trade 9.28% higher at Rs 2,470, while that of Genesys International Co-operation are up about 7.28% at Rs 682 on the NSE.

Shares of Andhra-related stocks rose following Finance Minister Nirmala Sitharaman's pledge of Rs 15,000 crore support for Amaravati. Various companies such as Andhra Cements, Likitha Infrastructure, and KCP witnessed notable increases in their stock prices.

In the Budget for FY24-25, the Modi Government 3.0 intends to focus on nine key areas: agriculture, employment, human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development, and next-generation reforms.

In her Budget speech, Sitharaman said the government, in partnership with states, will promote digital public infra for agriculture. Following this news, agriculture stocks start rallying. Kaveri Seeds trades 9% higher, Dhanuka is up about 6%. But, Coromandal Chemicals and Bio Fertilizers trades 0.34% lower from the previous close. Nova Agritech, on the other hand, rises nearly 4%.

Today, Finance Minister Nirmala Sitharaman has announced Budget 2024. ETMarkets analyse and present how the benchmark index Sensex has performed one day, one week, and one month after the Budget across the last 10 Union Budgets. (Data Source: ACE Equity)

In her 7th Union Budget on Tuesday, Finance Minister Nirmala Sitharaman announced shrimp farming support via NABARD. Apex Frozen Foods surged 8.2% to Rs 271.95 on NSE; Avanti Feeds, Waterbase also rose. Apex exports Vannamei shrimp to developed markets. Waterbase uses advanced technologies; Avanti focuses on seafood products. All shares rose on the announcement.

Stock markets hold their breath as Finance Minister unveils budget! Will job creation and consumption boost sectors? Experts predict record corporate profits and resilient market! Global markets bounce back, oil prices steady, and rupee strengthens against dollar. Stay tuned for more updates!

Suzlon Energy's shares rose 4.7% to a new high of Rs 57.82 on the BSE following its strong Q1 FY2024 performance, with consolidated net profit reaching Rs 302 crore. This marks a 200% YoY increase from Rs 101 crore in the same quarter last year.

Railway, defence, and PSU stocks on BSE rose ahead of the Union Budget by the Finance Minister. RailTel up 3%, Cochin Shipyard and DCX Systems gained, while Titagarh Rail, Texmaco Rail mixed. PSU stocks: IRCTC, IRFC, OIL, GMDC, Mazagon Dock, Bharat Forge, LIC, BEML, NTPC, Gujarat Gas, RCF, NMDC Steel. Multibagger returns seen; MRPL declined 3.7%.

Jyothy Labs Ltd, in the FMCG sector, has broken out from a consolidation range, paving the way for potential record highs. Traders advised to accumulate at current levels for a target of Rs 580 in the next 3-6 months. Technical indicators suggest bullish momentum in the stock.

Shares of Federal Bank surged 5.5% to a new high after announcing the appointment of Krishnan Venkat Subramanian as the new MD & CEO. Brokerages view this positively, citing his strong banking background and experience.

Ahead of the Union Budget, Indian equity indices rose with Sensex up 250 points and Nifty50 up 55 points. The government projects 6.5%-7% growth. UltraTech Cement, Suzlon Energy, and Adani Ports gained while HCL Tech fell. Gensol Engineering won a solar project bid. The budget aims to boost job creation and consumption. Sectors like Nifty Auto also rose.

The 30-share BSE Sensex was trading 250 points, or 0.31%, higher at 80,752. The Nifty50 was up 55 points, or 0.22%, trading at 24,564 around 9:17 am.

According to the brokerages, sectors like automobile, defence, railways, real estate, and power will remain in focus. Here is a list of key sectors that will be focussed in the Union Budget 2024:

Citi maintains buy on GAIL, raising target to Rs 250 (from Rs 230) on higher gas business valuation and 5% CAGR in volume FY24-27. Also, buy on Exide with TP up to Rs 630 (from Rs 560), expecting stronger demand and improved margins from better product mix.

HUL, Bajaj Finance, ICICI Sec, and ICICI Pru Life will release Q1 results. HUL's profit is estimated at Rs 2,479-2,562 crore, revenue Rs 14,925-15,451 crore. Bajaj Finance expects 26% net interest growth, 30% AUM rise. EBITDA to grow 0.4% YoY. Parag Milk Foods, Gard Furnace, Thyrocare Technologies to report, Bajaj Finance's March profit was Rs 3,824 crore.