Budget 2025: PSU stocks tumble up to 9% on Budget Day, marking the sharpest decline since 2020

PSU stocks fell by over 9% on Saturday, witnessing their sharpest budget-day cuts of the past 7 annual financial plans. The BSE PSU index fell 2.7% with 57 scrips ending in the red. Against the expectation of a higher capital expenditure allocation, the government earmarked 11.2 lakh crore this…