Budget 2018 Market Impact: Most newly listed stocks escape unhurt

After Finance Minister Arun Jaitley's Budget 2018 announcements, while half the stocks in NSE's Nifty50 and Nifty Midcap50 indices ended in red, the newly listed stocks seemed relatively cushioned

Finance Minister Arun Jaitley on Thursday presented Union Budget 2018-19 in Parliament. This was his fifth and the Narendra Modi government’s last full Budget before heading into the 2019 general elections. Some of the market-related measured announced by Jaitley in his Budget impacted the Indian equity markets. While the stocks in the NSE’s Nifty50 and Nifty Midcap50 indices took more hit, the newly listed ones seemed relatively cushioned.
 
This EY analysis looks at the announcements in Finance Minister Arun Jaitley’s Union Budget 2018-19 that might have impacted each of the newly listed stocks:
 
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