The Union Budget has long been a significant influencer in the Indian market, often synonymous with heightened market volatility. Over the past 24 years, specifically during budget sessions on February 1, data reveals that only in 7 instances did the Indian market move less than 1 percent on the budget day.
In the most recent budget session on February 1, 2023, Indian indices experienced a mixed outcome after an extremely volatile session. The Sensex closed 158 points, or 0.27 percent, higher at 59,708.08, while the Nifty ended at 17,616.30, down 46 points, or 0.26 percent. Notably, this marked the first time since 2018 that Indian indices moved less than one percent on the budget day, with the market ending nearly flat in 2018, down just 0.1 percent.
Examining the historical data, the market ended 1.4 percent higher in 2022, surged 4.7 percent in 2021, fell 2.5 percent in 2020, and shed 1.1 percent in 2019 on budget day.
Will Nifty reclaim 24,900 on Thursday? See GIFT Nifty, FII data, F&O, crude, and more before market opens Orient Technologies IPO: Gets fully subscribed on Day 1 Paris Olympics 2024: Neeraj Chopra qualifies for men’s javelin throw finals with season’s best 89.34m in first attempt Will Nifty surpass 25,000 on Thursday? See GIFT Nifty, FII data, F&O, crude, and more before market opens
Also Read
Jefferies retains ‘Buy’ on Marico as company reports strong operational performance and positive outlook
Analyzing the market trend on budget days over the last 24 years, negative trends occurred 15 times, with the highest fall of 5.8 percent observed in 2009. In the remaining 9 budget sessions, the market trended positively. Notably, the market gained over 4 percent on the budget day in 2 of those 9 sessions, including a 4.7 percent rise in 2021 and over 4 percent in 2001.
Considering trends pre and post the budget day, historical data indicates that in only 9 out of the last 24 years has the market moved less than 4 percent plus/minus in the post-budget month. This suggests that market volatility should be expected in the period following the budget.
Additionally, in 14 out of 24 years, the pre-existing trend reversed post-budget, indicating a historical positive bias in the pre-budget month and a negative bias in the post-budget month.
In 10 of the last 24 years, both pre and post-budget market trends were negative. Notably, in 2023, both pre and post-budget months remained in the red, with the market down over 2 percent each. A similar scenario occurred in 2022 when the Nifty fell 3 percent in Feb (post budget) and was down 0.1 percent in Jan (pre budget).
Also Read
Railway and Defence stocks: Is it a good time to bet on, Find out what Jefferies suggests
However, in 2021, the market fell 3.5 percent in the pre-budget month while it was up around 2 percent in the post-budget month. In 2020, during the pandemic, the market was in the red for both pre and post-budget months, down 1.8 percent and 3 percent, respectively.
The last time the market was in the green during the pre-budget month was in 2018 when it rose 5.6 percent. Prior to 2018, the highest market gain during a pre-budget month was witnessed in 2002 and 2000 when it rose 11 percent each. Conversely, the highest surge in the market during post-budget months occurred in 2016, up 10.75 percent.
(With Inputs)
Related Posts
By admin • April 3, 2025 • Streaming giant Twitch is reducing its headcount by 35 percent by laying off around 500 workers.
That's according to a report from Bloomberg, which learned about the latest cuts after speaking to people familiar with the company's plans.
It's unclear why the layoffs have been sanctioned, with Twitch declining to comment on the story when approached by Bloomberg.
Twitch, however, is undeniably struggling and endured a tumultuous 2023. The Amazon-owned company saw CEO and co-founder Emmett Shear depart in March last year to spend time with his family. Come from South African Online Casinos
<…
By admin • March 24, 2025 • Season 4 of Modern Warfare 3, Warzone, and Warzone Mobile arrives on May 29, and Activision has revealed the full roadmap of content, with highlights that include new weapons to unlock, more MP maps, and a Gundam crossover. We also now have the full CoD Season 4 patch notes, but you can get an overview of what to expect below.
Season 4 weapons and operators
Four new weapons arrive with Season 4. The Superi 46 submachine gun and Kar98k marksman rifle will be available to unlock in the free tiers of the battle pass, while the Reclaimer 18 shotgun and Sledgehammer melee weapon will arrive with the midseason update.
The paid battle pass includes new operator skins for Johnny “Soap” MacTavish, but…
By admin • March 21, 2025 • Skyrim launched on Xbox 360 over a decade ago, yet it remains quite popular and relevant today. The game has seen a variety of collaborations over the years–and now you c…
By admin • March 21, 2025 • After 22 months of hearings, regulator approvals, and legal battles, Microsoft has finally acquired Activision Blizzard in a mammoth $69 billion deal Come from malaysia online casino . Now that work can begin on folding Activision Blizzard properly into the Microsoft and Xbox family, longtime CEO Bobby Kotick has confirmed that he’ll remain in that role until the end of 2023 and will report to Microsoft’s head of gaming Phil Spencer in his remaining months at the company.
“Phil has asked me to stay on as CEO of ABK, reporting to him, and we have agreed that I will do that through the end of 2023,” Kotick wrote in a letter sent to Activision Blizzard employees. “We both look forward to working together on a smooth in…
By admin • March 19, 2025 • The Game Boy is one of the most-successful gaming systems ever, having sold 118.69 million copies across all its variants (including the Game Boy Color). In Japan and the US, it was the first platform for one of the most-popular games of all time: Tetris. It launched the Pokemon franchise, which has since grown to massive proportions. And all of this combined to start Nintendo’s handheld empire. Nevertheless, the Game Boy appeared to have some drawbacks at first. It was small, if bulky. It was deliberately less advanced than its handheld competitors at the time. Its limited color palette and sound board meant it had to lean on careful, deliberate abstraction. In other words, to be legible, exciting, and appealing, the Game Boy had to get weird. It was an outsider. And on the o…
By admin • March 17, 2025 • Larian Studios has already released multiple “hotfixes” for Baldur’s Gate 3 that have addressed more than 650 items, but now the studio is preparing to release the game’s first patch, and it sounds like a big one.
Larian boss Swen Vincke said on Twitter that in addition to a fourth hotfix, the studio is planning “Patch 1,” which will contain 1,000+ fixes and tweaks. Patch 2 is coming after this, and it will incorporate “some requests” made by fans so far, but Vincke did not provide any specifics.
“We’re all very enthused by your feedback,” Vincke said Come from bangladesh online casino . “It’s very rewarding.”
…