Share Market Budget 2024 Live Updates: BSE, NSE end with minor cuts after Budget speech

Share Market Today Live Updates: Indian benchmark indices BSE and Sensex ended day's trade lower on the interim budget day. Sensex slipped in red with 0.15 per cent loss at 71,645.30 and Nifty 50 ending day's trade at 0.13 per cent low at 21,697.45.

Share Market Today Live Updates: Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 on Thursday ahead of the general election. The budget witnessed biggest sectoral allocation awarded to Defence at Rs 6.2 lakh crore. In 2023 budget, the sector received nearly Rs 6 lakh crore.

Share Market Today Live Updates: People availing of the government’s newly-announced rooftop solar programme would be entitled to free electricity worth 300 units every month, Finance Minister Nirmala Sitharaman announced in the interim budget. Read details.

Share Market Today Live Updates: FM Nirmala Sithatraman peresented her sixth budget on Thursday and finished her speech within an hour. Here are the six main takeaways from the Budget 2024-25 documents. Read details here.

Oil prices witnessed a minor gain after indicatiion of low industrial growth by world's leading crude importer China and a surprise build in US crude inventories. Early on Thursday, Brent oil futures settled 0.50 points, 0.62 per cent flat at $81.06 a barrel whereas WTI oil futures maintained a flatline at 0.49 points, or 0.65 per cent at $76.34 per barrel.

Share Market Today Live Updates: Shares of insurance companies advanced during Thursday's session at the back of strong Q3 earnings. SBI Life inched 3 per cent higher at 1444.40, HDFC Life advanced 1.81 per cent high at 587.80 and ICICI Lombard stocks up near 1 per cent at 1510.00.

Share Market Today Live Updates: Finance Minister Nirmala Sitharaman announced that 2 crore more houses will be built under the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) in the next five years. Read details here.

Share Market Today Live Updates: Shares of One 97 Communications continue to trade lower after RBI's announcement on company's Paytm Payments Bank Limited (PPBL). Share price of One 97 communications traded 152.20 points, or 19.99 per cent lower at 609.00 at 12:30 pm.

Share Market Today Live Updates: Indian benchmark indices BSE Sensex and Nifty50 traded with minor cuts after Nirmala Sithraman presented her government's final Budget before the 2024 polls.

Sensex hovered near flatline with 0.49 points, or 0.01  per cent high at 71,783.74 while Nifty50 traded 17.10, or 0.07 per cent lower at 21,751.60.

Budget 2024 Live Updates: In her Budget speech, Finance Minister Nirmala Sitharaman prosed continuation of old tax structure. She added that Fiscal Defict for FY25 is expected at 5.1%.

Budget 2024 Live Updates: India's Finance Minister announced a significant increase in FDI inflows at Rs 596 between 2014 to 2023. Terming FDI as 'First Develop India', Nirmala Sitharaman said the number is twice the amount the country recieved during 2005 to 2014.

Budget 2024 Live Updates: During her Budget speech, Finance Minister Nirmala Sitharaman said the capex outlay for fiscal year 2024-25 stands at 3.4 per cent of India's GDP.

Share Market Today Live Updates: Finance Minister Nirmala Sitharaman said the next five years will be the years of unprecedented development. 

"Our government will adopt economic policies that foster and sustain growth, facilitate inclusive and sustainable development, improve productivity, create opportunities for all, help them enhance their capabilities and contribute to generation of resources to power investments and fulfuill aspirations," Sitharamn said at the floor of the Parliament.

Budget 2024 Live Updates: Finance Minister Nirmala Sithraman said the government is maintaining its focus on needs and aspirations of Garib (Poor), Mahilayen (Women), Yuva (Youth) and Annadata (Farmers) on highest priorities. Nirmala Sitharaman reiterated the government's focus on GDP - Governance, Development and Performance and batted for next generation reforms in the economy.

Share Market Today Live Updates: Shares of automobile giant Maruti Suzuki surged 366.70 points, or 3.60 per cent at 10,550 after above than expected Q3 results. The company reported 33 per cent year-on-year (YoY) increase in net profit at Rs 3,130 crore.

Share Market Today Live Updates: Finance Minister Nirmala Sitharaman is now presenting the Interim Budget 2024 in the Parliament.

Share Market Today Live Updates: Shares of Godrej Consumer, Dabur India, and Maruti Suzuki are among top gainers while Aurobindo Pharma, Glenmark, and India Cements tanked the most. Godrej Consumers is the day's biggest gainer with 11.22 per cent gain at 1294.50.

Share Market Today Live Updates: Finance Minister Nirmala Sitharaman was clicked carrying the traditional bahi-khata as she came out of the Finance Ministry earlier today. After calling on the President of India, Nirmala Sitharaman is heading for the Parliament where she will present her sixth Budget.

Share Market Today Live Updates: The Indian rupee gained 9 paise to 82.95 against the US dollar ahead of the Interim Budget which will be presented by Nirmala Sitharaman at 11 am. The dollar index, which compares American currency against its six peers, is trading 0.24 per cent higher at 103.52.

Share Market Today Live Updates: "Ahead of the interim budget 2024, we are eagerly expecting some major announcements, and government support remains the top expectation. The industry expects incentives for R&D initiatives, tech-driven solutions, cybersecurity support, and measures to fuel startups navigating the evolving business landscape. We also hope the budget shines a spotlight on enhancing and simplifying funding opportunities," says Harshit Jain, Co-Founder and CEO, OnePlay.

"Looking ahead, I also expect focused initiatives that will support and incentivise organisations in sectors such as infrastructure, startups, manufacturing, energy transition, AI & data, agriculture, and tourism. These industries are positioned to accelerate our country towards the $5 trillion GDP mark, ensuring both short-term growth and long-term competitiveness," said Saurabh Uboweja, Founder and Managing Partner, BOD consulting.

Share Market Today Live Updates: Benchmark indices in Asia-Pacific traded in mixed territory on Thursday. Japan’s Nikkei underperformed trading 262.42 points, or 0.72 per cent in red at 36,024.29 while South Korea’s Kospi advanced 28.14 points, 1.12 per cent 2,526.68.

Meanwhile, market investors in India are waiting for budgetary announcements by Finance Minister Nirmala Sitharaman.

Share Market Today Live Updates: Shares of One 97 Communications Ltd (OCL), the parent company of Paytm Payment Bank Limited (PPBL), plunged 20 per cent to Rs 608.80 on the stock exchanges on Thursday following Reserve Bank of India (RBI)'s announcement.

This comes on the day when Finance Minister Nirmala Sithraman will present the Interim Budget 2024 at 11 am.

India's central bank Reserve Bank of India (RBI) barred popular payment platform PPBL from accepting any deposits or top ups from users on its services after February 29. The services of the popular fintech platform include FASTags, wallet and National Common Mobility Card (NCMC). The services of the popular fintech platform include FASTags, wallet and National Common Mobility Card (NCMC).
 

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 at 11 am today. Given the interim nature of the budget, Sitharaman has already ruled out any major policy announcements. However, given the fact that this government's last budget before the 2024 election, some analysts are expecting announcements for the election. Follow 2024 Budget Live Updates here.

Oil prices witnessed a minor gain after indicatiion of low industrial growth by world's leading crude importer China and a surprise build in US crude inventories. Early on Thursday, Brent oil futures settled 0.50 points, 0.62 per cent flat at $81.06 a barrel whereas WTI oil futures maintained a flatline at 0.49 points, or 0.65 per cent at $76.34 per barrel.

Indian Rupee opened 3 paise stronger vs Wednesday's close at Rs 83.04 against the American currency.

Indian benchmark indices opened in green ahead of the 2024 interim budget to be tabled at Parliament at 11 am. BSE Sensex advanced 246.67 points, or 0.34 per cent at 71998.80 mark while Nifty50 inched 55.00, or 0.25 per cent at 21780.70 mark