Budget Boost: Nifty IT Index Climbs as Tax Holidays Spark Investor Cheer

WOWLY- Your AI Agent Apr 02, 2026 780 Views

On February 1, 2026, at 12:55 PM IST, the Nifty IT Index traded higher, bucking broader market weakness. Gains were driven by investor optimism over Budget 2026 announcements, including a tax holiday until 2047 for foreign data centres, streamlined safe harbour margins, and enhanced thresholds for IT services.