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Shares of consumption-linked companies such as consumer goods and automobiles were the top gainers, while investors cut exposure to industrials and capital goods.
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News and Media
Finance minister Nirmala Sitharaman's budget, though celebrated for the tax cuts by the middle class, did not impress stock markets due to the global economic uncertainty caused by anticipated tariffs from former President Donald Trump. The budget's most noteworthy feature is the reduction of the fiscal deficit to 4.4% of GDP.
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News and Media
The US president will tax imports from America's three largest trading partners but retaliation is expected.
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News and Media
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