The positive announcement in the Union Budget has indeed brought some new rays of hope in the Indian stock market. Sectors like realty, banking, auto, and fast moving capital goods witnessed rapid selling. So, the chill observed during the last few months is no longer going to prevail as predicted by market analysts. The NSE India nifty as well as the BSE India sensex benchmarks rose by 4.44 per cent during the first week of the Budget announcement.
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Well, few of the measures that were part of the growth-oriented Budget that saw a rise of value of stocks listed in NSE of India and BSE India are rise in investment limit for foreign funds in corporate bonds, no increase in excise duty, and the list goes on.
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