Interim Budget 2019: Highlights |Stock Market| Sensex Nifty | Tax Slab

interim budget 2019,highlights,stock market
Interim budget 2019, Highlights & Stock Market

About Interim Budget 2019 

An Interim Budget 2019 has been presented by acting Finance Minister Mr. Piyush Goyal this time. The Interim  Budget is very similar to the full budget it gives a complete set of account including both income and expenditure for the full year. As Lok Sabha Elections is just a few months away, the ongoing government presented Interim Budget, not a vote on the account the later one deals only expenditure side.

Expectations from Interim Budgets 2019

There were lots of hopes and expectations from Interim Budget 2019. It was anticipated that the Budget would be populist and election Budget. The Interim budget 2019 has not only favored farmers but also made happy to middle-class taxpayers, small businessman, and Industrialist. 

It was expected that Interim Budget 2019 will boost retail, infra, real estate, power, BFSI sectors. Based on these expectations many brokerage houses had also given calls on Budget related Picks, you can get those calls on various financial portals. Let us now see the main highlight of the Interim Budget 2019-20 and how it is going to influence the stock market.

Highlights of Interim Budget 2019 

  • Fiscal deficit target was revised to 3.4 percent in FY19
  • The individual taxpayer will get Full Tax rebate up to 5 Lakh annual income after all deductions.
  • The standard deduction for the salaried class has increased from Rs 40000 to Rs 50000
  • Gratuity limit increased from Rs 10 lakh to Rs 30 lakh 
  • TDS threshold on rental income raised from 1.8 lakh to 2.4 lakh rupees
  • Exemption on tax on second self-occupied house
  • Capital gain tax benefit has increased from investment in one residential house to two residential houses.
  • Rs 6000 per annum has to be given to every farmer having up to 2-hectare land. This initiative is likely to benefit 12 crores small and marginal farmer at an estimated cost of  Rs 75000 crores.
  • One lakh digital villages in next 5 years
  • More than 3 lakh corers for defence.
  • Recommendations to GST council for reducing GST rates for home buyers
  • Rs 3000 per month pension for unorganized sector worker

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Stock Market after Interim Budget 2019

Today in the stock market, Sensex and Nifty started with a positive note in the morning. As the Interim Budget presentation started market moving towards northward directions. Stock Market has given thumbs up to the last budget of Modi government ahead of general election. 

In the end, the Sensex and Nifty gained more than half a percent whereas Bank Nifty fell 0.77 percent. Banking stocks remained under pressure throughout the day, profit booking was seen mainly into PSU banking sectors today. The major gainers are from the sectors of Auto, FMCG, Pharma, IT, Energy and Infra whereas the losers are mainly from Banking and Metal sectors.

Top 5 Nifty Gainer and Loser of the Day

Top 5 Gainers of the Day
Company NameLTP  (Rs )Prev Close (Rs )Change (Rs )Change (%) 52 week H/L( Rs)
Hero Motocorp2,807.252,613.95193.37.393,825.00-2,561.00
Maruti Suzuki6,962.306,641.15321.154.849,929.00-6,317.70
HCL Technologies1,043.851,005.2038.653.851,125.05-880.05
Eicher Motors19,663.4019,005.75657.653.4632,236.70-18,800.00
Asian Paints1,457.201,412.6044.63.161,490.60-1,090.10
Top 5 Losers of the Day
Company NameLTP  (Rs )Prev Close (Rs )Change (Rs )Change (%) 52 week H/L( Rs)
Zee Entertainmen354.4380.2-25.8-6.79609.75-288.30
Yes Bank185.6194.1-8.5-4.38404.00-146.75
St Bk of India284.4293.65-9.25-3.15326.40-232.35
ICICI Bank354.65364.45-9.8-2.69383.55-256.50

Conclusion :

To conclude the Interim Budget 2019, you can say its a DREAM BUDGET of Modi Government. From the Stock Market point of view, the budget will be welcomed by investors, Sensex and Nifty both the indices closed in a positive note today. 

The budget has not disappointed to any sector rather it has given more than common man's expectations particularly middle class and farmers. The Budget will definitely increase the disposable income in the hands of a middle-class section. This will give a big boost to Auto, Consumer Durable, Banks and NBFC sectors.

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Happy Investing!

Finogyan Team

Interim Budget 2019: Highlights |Stock Market| Sensex Nifty | Tax Slab Interim Budget 2019: Highlights |Stock Market| Sensex Nifty | Tax Slab Reviewed by Finogyan on February 01, 2019 Rating: 5

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