Union Budget 2025, Feb. 1 -- State-owned stocks, including those in the railway and defence sectors, are trading with significant losses in today's trade, February 1, due to the government's decision in the Union Budget 2025-26 to reduce the revised capital expenditure (capex) estimate for FY25 to Rs.10.18 lakh crore.

The cut is attributed to slower capital spending during the first half of the fiscal year. For FY26, Nirmala Sitharaman, in her budget for 2025-26, raised the capex target to Rs.11.2 lakh crore, which is lower than expected. Industry insiders were expecting the government to raise the capex allocation to Rs.11.5 lakh crore, up from Rs.11.1 lakh crore a year ago.

Amid this backdrop, the BSE PSU index, a barometer of public ...