Budget 2021-22: How will the market move on budget day, see the condition of the last 7 years

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Finance Minister Nirmala Sitharaman is going to present the budget of 2021-22 on Monday i.e. February The Bombay Stock Exchange’s Sensex has lost nearly 3500 points in the last six trading sessions. Similarly, the National Stock Exchange’s Nifty has lost nearly 1010.10 points. Know how the market reacted to the Modi government’s last 7 budgets.

• Finance Minister Nirmala Sitharaman will present the budget on February 1

• Sensex has lost nearly 3500 points in 6 trading sessions.

• Stock market has dropped 5 times out of 7 budgets of Modi government

New Delhi

The budget greatly affects the stock market. This is because investors have high expectations from the budget. This is the reason that after the Budget, there are big fluctuations in the stock markets. In the last seven years of the Modi government, after the budget, the stock market moves after the budget, during this period, after the budget, the stock markets have either seen a big boom or a big decline. In the last seven years, after the budget, the Sensex has declined 4 times. It has fallen by 4 percent. Thrice climbed it. After the budget, it has gone up by 7 percent. Talking about the budget day, the stock market has declined 5 times out of the 7 budgets of the Modi government.

This time the domestic stock market declined continuously in the last six trading sessions before the budget was presented. Due to this, the amount of about 11.58 lakh rupees of investors has been drowned. The Bombay Stock Exchange’s Sensex has lost nearly 3500 points in the last six trading sessions. Similarly, the National Stock Exchange’s Nifty has lost nearly 1010.10 points. On January 21, the Sensex had crossed a record high of 50 thousand, but after that investors made huge profits. Now everyone’s eyes are on what will happen in the stock market on the budget day? Finance Minister Nirmala Sitharaman is going to present the budget of 2021-22 on 1 February i.e. on Monday.

Last year’s situation

In the year 2020, the Sensex had fallen 3.44 per cent in the five pre-budget sessions. This includes a fall of 900 points on the budget day. However, the market move changed within a week. After this, the Sensex gained 3.53 percent in the next five sessions. The budget was presented on 1 February 2020 by Finance Minister Nirmala Sitharaman. Earlier, Sitharaman presented the first budget of the second term of the Modi government in the year 2019 on 5 July. The Sensex was up 0.3 per cent in the budget week then. But on the budget day, it fell by 395 points.

In the year 2018, the Sensex fell by 4.16 percent in the week after the budget. The Sensex had lost 0.7 per cent in the week before the budget. Then the budget was presented by Arun Jaitley. The Sensex had fallen by 59 points on the budget day. In 2017, the Sensex gained 2.8 percent in the week before the budget. It declined 0.53 per cent in the week following the budget. It had jumped 476 points on the budget day.

Condition of first term

In the Modi government’s tenure till date, the stock market performance was the best since the budget in 2016. Then the Sensex had fallen by 3.3 per cent before the budget. It had dropped 52 points on the budget day. But in the week after the budget, it had increased by 7.2 percent. In 2015, the Sensex rose 1.33 percent in the week before the budget. It rose 141 points on the budget day. But in the week following the presentation of the budget, it declined by 1.76 percent. The budget was presented on 10 July 2014. This was the first budget of the Modi government. The Sensex fell by 1.75 percent in the week before the budget that year. The Sensex had dropped 72 points on the budget day. In the week following the budget, it had increased by 0.74 percent.

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