New Delhi, Feb. 1 -- The Indian stock market experienced heightened volatility on February 1, 2025, following the announcement of the FY26 Union Budget by Finance Minister Nirmala Sitharaman. While the budget introduced substantial changes in income tax slabs, which aimed to boost middle-class consumption, market sentiment remained mixed due to concerns about the government's reduced focus on capital expenditure (capex).

One of the key highlights of the budget was the increase in the income tax exemption limit to Rs.12 lakh, a move designed to stimulate household consumption, savings, and investment. Expectations had been high for an increase to Rs.10 lakh, but the announcement exceeded those expectations. However, experts pointed to a n...