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 may have been the finance minister, 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 seven times the market has experienced disappointment.
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The market has fallen both times during the time of Finance Minister Nirmala Sitharaman. At the time of the last budget, on July 5, 2019, the Sensex was broken by 395 points, while on 1 February 2020, the Sensex was down 900 points on the General Budget. At the same time, on the budget day of 2010 to 2012, the Sensex has fallen twice on Pranab Mukherjee. 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.
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Sensex situation in 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
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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 Bombay Stock Exchange Sensex 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.