Union Budget Share Market: How was the performance of the stock market before and after the budget? There is a sum of profit or hit on the pocket
New Delhi : union budget (Union Budget 2023) Only 10 days left to submit. Work is going on on a war footing to prepare the budget. by the stock market since last year (Share Market) Investors are often shocked. This year also the brightness of the stock market remains intact. The index impressed investors today. The index fell 229 points to close at 60,628. The total capital of listed companies in BSE was Rs 281.8 lakh crore. It has now come down to Rs 280.2 lakh crore. As a result, investors have lost Rs 1.6 lakh crore in a single session.
According to the World Bank, the effect of recession is being seen all over the world at this time. But the World Bank has claimed that only India is developing in this recession. Organization for Economic Cooperation and Development(OECD) But India’s side has given a measure of inclination.
The organization’s latest ‘Economic Outlook’ report predicts India’s growth. Accordingly, India’s growth rate will be 6.6 per cent and the organization has hailed it as the fastest growing economy in Asia.
Meanwhile, many investors are pulling money out of the Indian stock market fearing a slowdown and investing it in gold or other alternative schemes. The market rumbles before the budget. However, the data from the past ten years has presented a different math.
In 2013, the benchmark Sensex lost 6.2 per cent. In 2012, it had decreased by 3.8 percent. In 2020, it saw a decline of 3.8 percent. The benchmark Sensex lost 0.8 percent in 2014 and the stock index lost 0.7 percent in 2015.
Only a few days are left for the presentation of the Union Budget 2023-24. There is a possibility of an interest rate hike by the US Federal Reserve. This will affect the benchmark of BSE. Now all eyes are on the role of foreign investors.
If you look at the last 10 budgets, there was a lot of boom in the market in the month before the presentation of the entire 6 budgets. In 2016, the budget ran vigorously for a month. The BSE Sensex rose 7.5 per cent. There was an increase in the later session as well.
BSE Sensex performed strongly ahead of the Union Budget in 2017 and 2018. According to the data, during this period it increased by 5.7 and 6.2 percent respectively. While the benchmark index is seeing a growth of 1.5 per cent in 2021 and 0.6 per cent in 2019. In 2022, the index is projected to increase by 4.4 percent.
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