Stock Market After Budget 2021: After the budget, the performance of the stock market has been mixed in the last 1 months. During this period, due to high valuation and bond yields, there was a profit recovery in the stock market for a few days, then later there was a recovery. At present, since February 1, the Sensex has gained close to 2300 points, and the Nifty has gained close to 800 points. During this time, apart from the budget sentiment in the market, factors such as recovery in the economy, coronavirus vaccination, bond yield, high valuation and geo-political tension have been impacting the market. Talking about 1 month after the budget, some stocks have made investors rich and during this period, the returns were up to 150 per cent.
5.7% return after the budget
From Budget 2021 onwards till March 3 SENSEX has given 4.73% returns. During this period, the index rose from 48601 to 50900 level. At the same time, the Nifty has given a return of 5.7 percent during this period. During this period, the index has risen from the level of 14281 to the level of 15108.
Highest Returned Shares
Magma Fincorp: 131%
Hindustan Copper: 126%
Linde India: 88%
OnMobile Global: 82%
Manali Petrochemical: 75%
Adani Transmission: 72%
Adani Total Gas: 67%
Lamp Nitrite: 65%
Rally has been the post-budget for most of the year
If you look at the figures of the past few years, the post-budget market has been growing in most of the year. After the budget in 2019, the Sensex was strengthened by 4.6 percent. It was strengthened by 3 per cent in 2017, 6.5 per cent in 2016, 6.69 per cent in 2014, 6.28 per cent in 2011 and 7.40 per cent in 2010. Whereas in 2020, the Sensex has fallen by about 3.5 per cent in the 1 month after the budget. 5.18 per cent in 2018, 4.7 per cent in 2015, 0.14 per cent in 2013 and 1.80 per cent in 2012.
How was the market on the budget
During the presentation of the Union Budget, the stock market looked fiercely. The Sensex gained nearly 2314 points to close at the level of 48,600.61. At the same time, the Nifty also closed at the level of 14281 with a gain of 647 points. At the same time, the Nifty also closed at the level of 14281 with a gain of 647 points. To bring the economy back on track, announcements such as roadmap, focus on infra and rural sector, employment generation measures strengthened the budget. Efforts were made to provide relief to such sectors, which have a greater impact on the coronavirus epidemic.