Budget 2025: SENSEX, NIFTY50 volatile after FM announces nil tax slab up to ₹12 lakh; FMCG stocks on fire

However, the headline indices oscillated between positive and negative territories after the budget announcements.

At 12:33 PM, the S&P BSE SENSEX was trading at 77,299.35 levels, up 201.22 points, or 0.26%, while the NSE's NIFTY50 index was trading at 23,453.30, down 55.10 points, or 0.23%.

Sectorally, FMCG stocks were on fire after the changes in the income tax structure were announced. The BSE Fast Moving Consumer Goods index was trading at 21,005.40, up 450.13 points, or 2.19%.

Finance Minister Nirmala Sitharaman presented her record 8th straight Budget today.

Sitharaman had in her first Budget in 2019 replaced the leather briefcase -- which was in use for decades for carrying Budget documents -- with a traditional 'bahi-khata' wrapped in red cloth. This year's Budget would be in paperless form, as done in the last three years.

The consumer durable stocks were also trading in the green. The BSE CONSUMER DURABLES index was trading at 59,075.21, up 1,223.32 points, or 2.11%.

Broader Market

The broader market indices, too, were trading in the red. The BSE MidCap index was trading at 42,484.74, down 611.71 points, or 1.42%, while the BSE SmallCap index was quoting at 49,582.68, down 375.71 points, or 0.75%.

Buzzing Stocks

Shares of footwear and leather companies surged in the trade on Saturday, February 1, on the Budget announcements made by Finance Minister Nirmala Sitharaman.

The FM announced that the government plans to launch a focused scheme will be launched for the footwear and leather sectors.

Shares of aquaculture companies such as Apex Frozen, Avanti Feeds, and Kings Ventures, among others, rallied in the trade on Saturday, February 1, on the Budget proposals announced by Finance Minister Nirmala Sitharaman.

The FM announced that the government will bring an enabling framework for sustaining the harvest of the fisheries sector in exclusive economic zones and high seas.