A deep-dive session at the India Today-Business Today Budget Round Table 2025, with a panel of stock market experts: Dhirendra Kumar, CEO of Value Research; Vijay Kedia, Managing Director of Kedia Securities; and Maneesh Dangi, CEO & Founder of Mosaic Asset Management. Moderated by Shailendra Bhatnagar, Chief Analyst and Editor of Markets at Business Today, this discussion explores how the recent income tax cuts for the middle class are expected to enhance disposable income, potentially driving increased investment in the markets. Despite these positive changes, the budget's failure to address industry demands regarding Securities Transaction Tax (STT) and Long-Term Capital Gains (LTCG) tax has raised concerns. The announcement of a higher 12.5% LTCG tax for Foreign Portfolio Investors (FPIs) has led to speculation about potential sell-offs in the market. Additionally, the experts will analyse the recent downturn in stock prices and what it means for investors moving forward.