Union Budget 2023: Will you invest on the budget day? Know how was the mood of the market on the last budget day

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Union Budget 2023: Today on February 1, a lot of movement can be seen in the Indian stock market. The eyes of the stock market investors are fixed on the general budget to be presented today. Let us tell that the stock market has closed on the green mark on Tuesday. On the basis of which investors can decide to invest on the basis of decisions that promote economic development, private investment or consumption during the general budget to be presented today. However, if there is a possibility of not making any special announcement in the budget for the common investors. In such a situation, a negative reaction can be seen in the stock market and the market may fall.

How was the condition on the budget day in the year 2022

In fact, the announcements to be made during Budget 2023 today will decide the direction of the stock markets in the near future. Earlier in the year 2022, when the general budget was presented, then on the day of the budget, there was a great growth in the stock market. On this day the stock market started with gains and closed with gains. Last year, on the budget day, Nifty touched the figure of 17,500. At the same time, Sensex had crossed above 58,500 mark.

This was the market trading in the last 8 budget sessions

Let us tell that in the last eight budget sessions of the current government, the Nifty closed positively on five occasions on the budget day. Whereas, it closed on a negative note in the remaining three sessions.

budget date budget Budget Day Nifty Performance (in %)

28-02-2013 -2 percent dropped

17-02-2014 up 0.4 percent

10-07-2014 fell 0.2 percent

28-02-2015 up 0.7 percent

29-02-2016 fell 0.6 percent

01-02-2017 up 1.8 percent

05-07-2018 fell 0.2 percent

01-02-2019 up 0.6 percent

05-07-2019 1.1 percent down

01-02-2020 2.5 percent dropped

01-02-2021 rose 4.7 percent

01-02-2022 rose 1.4 percent

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