BUZZ-Indian restaurant operators, food delivery majors soar on demand push in budget

Indian restaurant operator stocks jump between 3% and 10% after slew of demand-boosting measures in union budget

Zomato ZOMT.NS and Swiggy SWIG.NS soar 6.5% and 7%, respectively

Both were hit hard by cooling demand over last two months

Among restaurant operators, Pizza Hut and KFC India franchisee Sapphire Foods SAPI.NS gains the most; Burger King's Indian operator Restaurant Brands Asia's RESR.NS up 3%, rising the least

Domino's franchisee Jubilant Foodworks JUBI.NS gains 5%, Pizza Hut's other Indian operator Devyani Internatinal adds ~7%; McDonald's franchisee Westlife Foodworld WEST.NS advances 8.8%

Finance Minister Nirmala Sitharaman says those earning up to 1.28 mln rupees ($14,791.53)/year won't have to pay any taxes

($1 = 86.5360 Indian rupees)