Sensex Up Over 400 Points following Jaitley’s budget speech

After initial fallout, the markets bounce back following Arun Jaitley’s maiden Budget speech in the parliament on Thursday. The Sensex was up by 400 points while Nifty was also rise up to 83 points, ride on the boost in the sectors like insurance, defense, banking and infrastructure sector.

 The mixed reactions are coming now from the various stakeholders. While opposition parties dubbet it a ‘populist’ and ‘visionless’ budget, the business leaders welcomed Jaitley’s initiatives in various sectors.

Prime Minister Narendra Modi congratulated Arun Jaitley for delivering a good budget.

“This Budget converts hopes, aspirations of the poeple into trust,” Modi said.

The party backed the budget by saying it was realistic.

“It’s a realistic Budget. It takes into account where we are and what we inherit” says BJP spokesperson Nalin Kohli.

Slamming the budget, Congress President, Sonia Gandhi said govt copied most of UPA schemes and there was nothing new from the finance minister.

“There is nothing for the social sector in Budget,” Sonia Gandhi added.

“There are no welfare measures, they have only given relief to corporate,” Congress leader Mallikarjun Kharge reacted.

AAP chief Arvind Kejriwal said that Jaitley announced the same budget like his predecessor P Chidambaram presented last time.

“UPA’s budget also would have been the same, just need to replace Jaitleyji with Chidambaramji, rest is same,” Kejriwal said.

“Budget2014 Many new projects/schemes/funds announced for North Eastern States & Telangana to propel their growth,” BJP leader Anurag Thakur twitted.

Industrialist Adi Godrej described the Budget as ‘excellent,’ and said it needs a bit of tweaking.

“I am happy with the Budget in totality but there was no bang, where is the question of a big bang?” Rahul Bajaj said.

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