Budget 2024: Share Market Opens On A Positive Note

Budget 2024: On the budget day, the share market opened up on a positive note showcasing people's expectations from Finance Minister Nirmala Sitharaman who will table the financial plan today in the Parliament. This will be an interim budget (for the next three months) as it is an election year, and the full budget will be presented by the government after the Lok Sabha elections 2024 tentatively slated to be held in May.

At 9:15 am, Sensex was noted at 71,765 points, and NSE Nifty 50 opened 20 points higher at 21,746.

According to the reports, the union budget is likely to target farmers, women, and the middle class to woo them ahead of the general elections.

The government is expected not to make any major changes in the policies and big decisions will be made post-polls. The Finance Minister will deliver the interim budget at around 11 am and the full budget will be tabled post-election on April 1, at 11 am for the fiscal year 2024-25.

Though the market opened up on a positive note, but share of PayTm tanked by 20% as the Reserve Bank of India had curbed the Paytm Payments Bank from fresh deposits and credit transactions citing foul in financial reports.