The United Progressive Alliance (UPA) constituents lauded finance minister Pranab Mukherjee for presenting a growth-oriented budget even as the supporting parties termed it "mediocre".
But the most awaited reaction on the budget was from Trinamool Congress.
"Tolerable" is how the party, which has been needling the Congress-led government on almost every issue, described the budget.
Another ally, DMK, said the efforts of the government will have positive results.
"On the whole it is a growth oriented budget. This attempt will bear fruit and India's pace in this direction will withstand all crises which exist globally," said senior leader T Siva.
The southern party also played down the absence of minister of state for finance SS Palanimanickam in the house during the budget presentation.
"He is busy in by-elections in Tamil Nadu. His presence there is inevitable," Siva said.
"All our MPs are here. Don't imagine things as our relation with Congress is very good and cordial," he said.
The NCP also welcomed the budget. Its chief and agriculture minister Sharad Pawar, however, was not present in the house since he has been advised bed rest after he complained of dizziness in Parliament on Monday.
But there were some allies who are not happy.
"The allocation of Rs 3,135 crore for the minority affairs ministry is not at all enough. I will bring this to the notice of Prime Minister Manmohan Singh and the UPA chairperson," said AIMIM chief Asaduddin Owaisi.
The Samajwadi Party termed it as a mixed budget.
"They have not done much for students and farmers and have not given much attention to the commodities used by poor people," SP leader Shailendra Kumar said.
Another supporting party, BSP, said the "urban oriented" budget will further increase the prices of essential commodities.
"Unless you take steps to increase the production of wheat, vegetables and other commodities there is no meaning of this budget," BSP's Vijay Bahadur Singh said.