Market move depends on the government’s announcements
Share Market on Budget Day: Tomorrow is going to be a big day for India. The day of February 1 is going to be very important not only for Indians but for all foreign investors investing in India. Yes, India’s Union Budget is going to be presented on 1 February tomorrow. Finance Minister Nirmala Sitharaman will present the country’s budget for FY 2025-26 on Saturday, February 1. Indian stock markets will be open on this big occasion.
The market will be open like normal days on Saturday
Usually, the Indian stock market, which is usually closed on every Saturday, will open like a normal day on a special occasion and investors will be able to make transactions like normal days. Here we will know how the mood of the Indian stock market is on the budget day. For this, we have gathered data for the last 10 years of NSE’s leading index Nifty 50. Let us tell you that a total of 14 budgets have been presented from 2014 to 2024. These include 3 interim budget. Meanwhile, the market is closed in red mark with a decline 8 times, while 6 times the lead is also closed in green mark.
4.74 percent stormy boom in Nifty 50 on budget day
On the interim budget day of 2014 and 2019, the market closed in green mark while the market closed in red mark in 2024. Once, the Nifty 50 had seen a jump of 4.74 percent, then it also recorded a big fall of 2.51 percent. Let’s see the full figures now.
2014 Interim Budget: +0.41%
2014 full budget: -0.23%
2015 full budget: +0.65%
2016 Full Budget: -0.61%
2017 full budget: +1.81%
2018 full budget: -0.10%
2019 Interim Budget: +0.58%
2019 full budget: -1.14%
2020 full budget: -2.51%
2021 full budget: +4.74%
2022 full budget: +1.37%
2023 full budget: -0.26%
2024 Interim Budget: -0.13%
2024 Full Budget: -0.12%
Market move depends on the government’s announcements
Let us tell you that on the budget day, the full focus of the stock market investors is on the announcements made by the government. If the government announces the industry and business in mind, then there is bumper shopping in the market and brilliant beauty is seen, otherwise there is disappointment under the pressure of selling.
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