Sandeep Chilana, Managing Partner at CCLaw said raising the income tax exemption threshold to Rs 12 lakh is a deeply positive move, especially for the middle class.
Union Budget 2025 special trading session: Vijayakumar said the market will be looking for growth stimulating measures and not market-related taxation reliefs like changes in the capital gains taxation.
Shares of diversified ITC, which is also the country's leading cigarette player, witnessed wild swings, before finally settling with a gain of 2.61 percent at Rs 361.45.
Shares of cigarette companies, including Godfrey Phillips India and ITC Ltd, plunged by up to 5 per cent on the BSE on Wednesday after Finance Minister Nirmala Sitharaman announced a hike in taxes on cigarettes in the Union Budget.
Despite the negative sentiment, a total of 173 stocks hit their respective 52-week highs, of which the top 60 stocks touched record highs. This included nine stocks from the 'A' group.