Budget 2023: Sharp ups and downs expected in the stock market, know what is the latest
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Budget 2023: Finance Minister Nirmala Sitharaman will present the budget for the financial year 2023-24 at 11 am today, on which everyone’s eyes are fixed. The stock market also has high hopes from this budget. In the economic review presented in the Parliament, the growth rate for the current financial year has been estimated to be seven percent. In this, the growth rate is expected to slow down to 6-6.8 percent in the financial year 2023-24.
what the market expert said
The stock market also has high hopes from the budget. Ajit Mishra, Vice President (Technical Research), Religare Broking Limited, said that now all eyes are on the Union Budget and we are expecting sharp volatility in the market on Wednesday. The index remaining almost stable for two days reflects the relief after the fall.
How was the market trend on Tuesday
On Tuesday, a day before the results of the general budget and the monetary meeting of the US Federal Reserve, there was a slight rise in the domestic stock markets due to the cautious attitude of the investors and the BSE Sensex was up by 49 points. In the last hour of volatile trading, the 30-share Sensex closed at 59,549.90, up 49.49 points, or 0.08 per cent, on buying. During trading, it went up to a high of 59,787.63 points and came down to a low of 59,104.59 points.
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