Feb 1 (Reuters) - India's Finance Minister Nirmala Sitharaman unveiled the annual budget on Saturday, which focused on boosting the spending power of its middle-class population, encouraging inclusive development and private investment to strengthen growth.

The broader stocks market, however, saw mixed reactions to the policies presented under the budget for 2025-26.

Below are some of the key stock movements during the session:

CONSUMER GOODS

The fast-moving consumer goods index (.NIFTYFMCG) , opens new tab climbed 3% and logged its best day in eight months.

The Indian government said people earning up to 1.28 million rupees ($14,791.53) per year will not have to pay any taxes, raising its threshold from 700,000 rupees.

Executives from automobile and consumer firms said this move will put more disposable income in the hands of the people and boost consumption in the country.

Hindustan Unilever (HLL.NS) , opens new tab, Nestle and Dabur (DABU.NS) , opens new tab gained 1.5%-2%.

Shares of cigarette companies ITC (ITC.NS) , opens new tab and Godfrey Phillips India (GDFR.NS) , opens new tab jumped 3.4% and 10.3%, respectively, as there were no tax hikes on tobacco products in the budget.

AUTOMAKERS

Two-wheeler companies Bajaj Auto (BAJA.NS) , opens new tab, Hero MotoCorp (HROM.NS) , opens new tab and Eicher Motors (EICH.NS) , opens new tab jumped between 1.4% and 4%, powering auto index (.NIFTYAUTO) , opens new tab 2% higher, with analysts attributing the jump to budgetary measures to put more disposable income in the hands of the consumer through lower taxes.

Major auto firms like Maruti Suzuki (MRTI.NS) , opens new tab and Hyundai Motor India (HYUN.NS) , opens new tab also added 5% and 4.4%, respectively.

REALTY

The real estate index (.NIFTYREAL) , opens new tab gained 3.4% and posted its best day since June 6, 2024, with Phoenix Mills (PHOE.NS) , opens new tab emerging as top gainer with 7.5% rise.

FOOTWEAR, FISHERIES STOCKS

Footwear makers Bata India (BATA.NS) , opens new tab and Liberty Shoes (LIBS.NS) , opens new tab jumped 6.2% and 7.3%, respectively, on policy plans to support the leather industry.

Fisheries-linked stocks also advanced after the finance minister said the government will focus on sustainable harnessing of fisheries, especially in the Andaman and Nicobar Islands and Lakshwadeep.

Apex Frozen (APEX.NS) , opens new tab and Zeal Aqua (ZEAQ.BO) , opens new tab jumped about 5% each among the major stocks.

INFRASTRUCTURE

Infrastructure-related stocks slumped, with the index (.NIFTYINFR) , opens new tab down 1.1%, following 'modest' hike in capital spending announced in the budget.

Shares of L&T (LART.NS) , opens new tab led losses in the index, down 3.4% and marking their sharpest one-day fall since Oct. 25, 2024

UltraTech (ULTC.NS) , opens new tab, the country's largest cement maker by capacity, settled 2% lower, having fallen as much as 6% earlier.

Ircon International shed 9.3% to emerge as the worst hit stock in the Nifty 500 index (.NIFTY500) , opens new tab.

INSURERS

HDFC Life (HDFL.NS) , opens new tab, SBI Life (SBIL.NS) , opens new tab and ICICI Prudential Life (ICIR.NS) , opens new tab fell between 1-3% as an increase in tax slabs tends to reduce incentive for a tax-saving insurance products.

($1 = 86.5360 Indian rupees)

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https://www.reuters.com/world/india/corporate-winners-losers-indias-budget-2025-02-01/