Budget 2026 Spurs Rally in Pharma, Textile and EMS Stocks

Pharma, textile and EMS stocks outperformed after Union Budget 2026 unveiled sector-specific incentives. Higher capital expenditure of ₹12.2 lakh crore and targeted support for biopharma, textiles, semiconductors and electronics boosted sentiment. Despite a derivatives-related market sell-off, policy continuity and manufacturing-focused measures drove strong gains in these sectors.