How stock market move on budget day see the trend of 10 years

0
9


The stock market often falls on budget day. This is what the trend of last 10 years is saying. From Pranab Mukherjee to Nirmala Sitharaman, whatever the Finance Minister has been, the reaction of the stock market has been cold or faint at times on the Budget day. On the budget day, only three times in the past 10 years, the Sensex has seen an increase and the market has experienced disappointment seven times.

ALSO READ: SAIL Gets 3645 Crore Profit in 3rd Quarter

The market has fallen both times during the time of Finance Minister Nirmala Sitharaman. The Sensex had lost 395 points on 5 July 2019 at the time of the last budget, while the Sensex had fallen by 900 points on 1 February 2020 on the day of the General Budget. At the same time, from 2010 to 2012, during the time of Pranab Mukherjee, the Sensex has fallen twice on the budget day. P. Chidambaram presented the budget on 28 February 2013 and the Sensex slipped 291 points. At the same time, Arun Jaitley presented a total of 5 budgets from 2014 to 2018 and during this time the market had seen a boom.

Also read: Startups will not be able to spend unnecessarily from government help

Sensex situation for last 10 budget days

The date The year Finance Minister Rise / fall
26 February 2010 Pranab Mukherjee -175
28 February 2011 Pranab Mukherjee 123
16 March 2012 Pranab Mukherjee -220
28 February 2013 P Chidambaram -291
10 July 2014 Arun Jaitley -72
28 February 2015 Arun Jaitley 141
29 February 2016 Arun Jaitley -52
01 February 2017 Arun Jaitley 476
01 February 2018 Arun Jaitley -59
05 July 2019 Sitharaman -395
01 February 2020 Sitharaman -900

Source: BSE

Also Read: Before the Budget, the stock market fell, the Sensex rolled down 588 and the Nifty 183 points

The biggest drop was in the last 10 years on the budget day. Last year from the General Budget 2020-21, investors were so disappointed that the Sensex of the Bombay Stock Exchange fell 988 points to below the 40,000 mark and the NSE Nifty fell 276.85 to close at 11,685.25. This time i.e. on February 1, 2021, the market will sit on which side is difficult to say. Although most experts are forecasting the market to fall.

LEAVE A REPLY

Please enter your comment!
Please enter your name here