look news india
Indian stock market indices are currently at record highs with only seven days left for the central government to present its budget on July 23.
Meanwhile, market players and analysts are keeping a close watch on the stock market activities. In such a situation, if we look at the data of the last 13 years, then in twelve of these thirteen years, Nifty has seen a rise or fall of 2 percent on the presentation of the budget, while in the year 2022 this is the biggest jump. On the day the budget was presented, Nifty registered a decline of 4.70 percent. A year before that, that is, in 2021, on the day the budget was presented, Nifty fell the most i.e. 2.50 percent. In these thirteen years, the average change in Nifty on the day the budget was presented is an increase of 0.22 percent. Talking about the market movement after the presentation of the budget this year, experts say that overall the policy of the NDA government has been encouraging for the stock market and now that it is clear that the current government is a stable government, there is no alternative to panic in the market, but the market has ignored this, so the market movement will be decided on the basis of new announcements to be made under the budget. The stocks of those sectors for which incentives will be announced under the budget may see a rise.