Finance Minister Nirmala Sitharaman The general budget will be presented in Parliament at 11 am today. The budget has been a major trendsetter for the Indian stock market, on whose announcement there is a big fluctuation in the stock market. According to the available data of the last ten years, the Indian market declined in eight out of ten sessions on the day of budget announcement (February 1). At the same time, there was a rise only twice. On February 1, 2024, there was also volatility in the Indian stock market. The BSE Sensex closed at 71,645.30 with a decline of 106.81 points. At the same time, the NSE Nifty closed at 21,697.45 with a decline of 28.25 points.
| Year | Nifty Performance on Budget Day (%) |
| 2024 | -0.13 |
| 2023 | -0.2 |
| 2022 | 1.4 |
| 2021 | 4.7 |
| 2020 | -2.5 |
| 2019 | -1.1 |
| 2018 | -0.1 |
| 2017 | 1.8 |
| 2016 | -0.6 |
| 2015 | 0.6 |
| 2014 | -0.2 |
Market before Budget 2024-25
Indian stock market benchmarks, Nifty 50 and Sensex, closed in the red on Monday, July 22, ahead of the Union Budget 2024. Nifty 50 closed 22 points or 0.09 percent lower at 24,509.25, while Sensex closed 103 points or 0.13 percent lower at 80,502.08. In contrast, the mid- and small-cap segments showed good gains, setting aside the caution over the upcoming budget. Nifty witnessed volatility ahead of the budget announcement day.
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