Stock Market News: Markets React Negatively Despite Middle Class Tax Relief | India Today

The Indian stock markets have reacted negatively to the 2024 budget, with the Nifty 50 down 163 points and Sensex down 425 points. The budget focuses on increasing disposable income for the middle class, boosting capital expenditure, and encouraging private investment. Market experts suggest it may take 48 hours for the full impact to be understood. The budget is expected to positively affect FMCG and consumer goods sectors in the coming quarters.

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