Corporate winners and losers from India's budget By Reuters
Budget Highlights: India's Finance Minister Nirmala Sitharaman presented a budget aimed at increasing middle-class spending power and promoting inclusive growth, with significant tax relief for individuals earning up to 1.28 million rupees annually.
Market Reactions: The stock market showed mixed reactions, with consumer goods and auto sectors experiencing gains due to increased disposable income, while infrastructure stocks declined following modest capital spending increases in the budget.
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Introduction of SBIL: Simplify Asset Management has launched the Simplify Government Money Market ETF (SBIL), which combines the safety of a money market fund with the trading flexibility of an ETF, allowing investors to manage cash allocations dynamically.
Market Context and Benefits: In a risk-averse economic environment, SBIL offers low-risk investment opportunities with respectable yields and full liquidity, making it an attractive option for both retail and institutional investors looking to optimize cash management.
Budget Highlights: India's Finance Minister Nirmala Sitharaman presented a budget aimed at increasing middle-class spending power and promoting inclusive growth, with significant tax relief for individuals earning up to 1.28 million rupees annually.
Market Reactions: The stock market showed mixed reactions, with consumer goods and auto sectors experiencing gains due to increased disposable income, while infrastructure stocks declined following modest capital spending increases in the budget.







