Budget 2024 LIVE View | Sonam Srivastava, Founder and Fund Manager at Wright Research, PMS decodes Budget from market's perspective

The stock market's reaction to the budget announcements has been mixed, with positive momentum observed in the FMCG sector due to initiatives aimed at increasing disposable income among the middle class. However, railway stocks experienced a decline, possibly due to concerns over the implementation and impact of announced projects. Overall, the market's muted reaction suggests cautious optimism, with investors closely monitoring the implementation of budget measures and their tangible impacts on various sectors. Sectors benefiting from direct budget allocations or policy support may see positive momentum, while others may face challenges if perceived to be negatively impacted or overlooked by the budget.