‘Markets didn’t rise because…’: Wisdom Hatch founder as markets shrug off Budget tax cuts

Market closed flat despite significant tax relief announced in Union Budget 2025-26, prompting criticism from analysts like Wisdom Hatch founder Akshat Shrivastava who called it a popularity move rather than a strategic economic decision. The tax cuts aimed at the middle class were expected to boost investor sentiment but failed to do so, with Sensex edging up just 5 points. Shrivastava highlighted concerns over India’s shrinking tax base and lack of long-term growth stimulation, while market experts noted a modest increase in capital expenditure and suggested a range-bound market awaiting clearer signals.

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