Basant Panchami, celebrated on February 2, 2025, marks the beginning of spring and honors Goddess Saraswati, the deity of wisdom and arts. Observed widely in India, it involves vibrant customs like wearing yellow, reflecting the mustard fields in bloom, and performing Saraswati Puja. This festival underscores the significance of wisdom, learning, and cultural heritage, with families and educational institutions participating in the festivities.
As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2025-26, anticipation builds in the financial sector, with significant effects predicted for the share market. Economic indicators show a potential growth rate between 6.3-6.8% for India. Prior to the budget announcement, the stock indices saw a notable rise, pointing to potential optimism. Key budget measures might aim at alleviating middle-class financial pressures and strengthening fiscal prudence.
The Indian stock market experienced significant shifts overnight as traders and investors geared up for the announcement of the 2025 Budget by Finance Minister Nirmala Sitharaman. With a special trading session on a weekend and expectations of fiscal relief, the market's initial optimism turned into caution amid global uncertainties. Attention focused on sectors like railways and the overall economic outlook, projecting a nuanced response to policy changes.