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Union Budget 2021: Stay alert if you are an investor! History of the stock market has been falling on Budget Day

Stock Market on Budget Day Since 2010: If you look at the last 11 years, the stock market has been falling for most of the year.

Stock Market on Budget Day Since 2010: The record high in the first stock market of Budget 2021 has brought a lot of improvement. The Sensex has weakened by nearly 3900 points at record highs. On 21 January 2021, the Sensex set an all-time high of 50184. Whereas on 29th January it closed at the level of 46286. However, in the month of January, the budget month, the Sensex has increased about 14 percent. During this period, it has increased by 5563 points. Now the eyes of the market are on the budget. This budget is being presented at a time when there is a lot of pressure on the economy due to Corona virus epidemic. In such a situation, market expectations are also very high. If a large positive trigger can give a new direction to the market, a negative trigger can be the reason for the decline. By the way, if we look at the last 11 years, the stock market has been falling for most of the year on a budget day.

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How was the last 11 years Budget Day

2020: Finance Minister Nirmala Sitharaman presented the budget. On the budget day, the Sensex fell by 2.43 per cent.
2019: The budget was presented by the then Finance Minister Piyush Goyal on 1 February 2019. The Sensex closed up 0.59 percent on that day.
2018: On 1 February 2018, the then Finance Minister Arun Jaitley presented the budget. The Sensex had fallen by 0.16 percent on that day.
2017: On 1 February 2017, Arun Jaitley presented the budget. The Sensex closed up 1.76 percent on that day. It was the highest between 2010 and 2019.
2016: On the 29th of February, 2016, Jaitley presented the budget. On the budget day, the Sensex closed down 0.66 percent.
2015: Jaitley presented the budget on 28 February 2015. The Sensex gained 0.48 percent on that day.
2014: On 17 February 2014, P Chidambaram presented the budget. The Sensex fell 0.28 percent on that day.
2013: On the budget day of 28 February 2013, the Sensex fell by 1.52 percent.
2012: The Sensex closed 1.19 percent weaker on the day of the budget presented on 16 March 2012.
2011: On the budget day of 28 February 2011, the Sensex saw an increase of 0.69 percent.
2010: Sensex closed up 1.08 percent on Budget Day on 26 February 2010.

Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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