Budget 2021: This year’s budget will be presented on 1 February 2021. Currently, the benchmark index S&P BSE Sensex has seen a steady decline in the last 4 trading sessions during the budget. Even it has fallen 3000 points from its high level of 50,184. Now it will be interesting to see what the trend of BSE Sensex will be on the budget day on 1 February. Please tell that in the last 10 years, 6 times the BSE Sensex has closed on the red mark on the budget day.
What are the expectations of experts in Budget 2021
Harsha Upadhyaya of Kotak Mahindra expects the government to focus exclusively on the healthcare, infrastructure and financial sector reforms in Budget 2021.
Ashis Biswas of CapitalVia Global Research says that the market and economy’s long-term fundamentals remain strong. Consumer demand is also seeing good improvement. Looking at all this, it is expected that there will be a great rise in mid and small-cap stocks and the Bulls will remain in control on the budget day and after the budget.
At the same time, Umesh Mehta of Samco Group says that given the recent ups and downs in the market, it is expected that the tug of bull and bear will continue. He further said that given the high expectation from the Union Budget 2021 and the overbought situation of the market, it seems that there may be a downward trend after the Budget.