This is why market is cheering current Budget

Today, Sensex is up by more than 1,600 points on an intraday basis and is well on its path to deliver one of the best Budget day performances till date.  

Here are the key highlights, because of which, the market is giving it a thumbs up:- 

1.A strong message to industry that government is there to support all industries

2.Impetus to healthcare  

3.No changes in direct taxes 

4.Increase in FDI limit @ insurance sector 

5.Focus on power, port & infrastructure 

6.Privatisation of two PSU banks and one insurance company 

7.Monetisation of assets  

8.Expansionary budget: Step in the right direction  

9.Fiscal deficit targeted at 9.5 per cent this year and 6.5 per cent in the next year 

10.Total borrowings at Rs 12 lakh crore 

11.Asset reconstruction company set-up  

12.Privatisation target at Rs 1.75 lakh crore 

13.Tax exemptions on affordable housing loans  

14.Thrust on setting up FinTech companies @ GIFT city