<h1>Sensex and Nifty Close Flat on Budget Day; New Tax Slabs and Exemptions Announced for Incomes Up to Rs 12 Lakh.</h1> Benchmark indices Sensex and Nifty ended flat on Budget day amidst high volatility, with Sensex gaining marginally by 5.39 points and Nifty dipping by 26.25 points. The Union Budget presented by the Finance Minister included tax exemptions for annual incomes up to Rs 12 lakh and restructured tax slabs, benefiting consumption-related sectors. However, a modest increase in capital expenditure and limited measures for sectors like railways and defense tempered market enthusiasm. Despite mixed reactions, the budget was seen as growth-focused, aiming to boost consumption, economic growth, and support for MSMEs and exports.