Budget 2025: Union Finance Minister Nirmala Sitharaman will present her eighth budget to the country on 1 February, Saturday. This will be the second budget of the third term of the Narendra Modi government. Last time, he presented the General Budget on 23 July 2024 after the formation of the new government. This time the public expects big gifts and new announcements in the budget.
The market took a strong jump in budget 2021
Budget 2021 was given strong response by investors. The Sensex gained 2,314 points due to a big announcement on different sectors like healthcare and infrastructure. The Nifty also closed with a great lead of 4.7%.
How was the market move in budget 2022
Budget 2022 received good response from investors. The Sensex closed up 848 points. The Nifty rose 1.4% to close to 17,600. The market received positive sentiments from the proposal on Finance Minister’s budget infrastructure and capital expert.
How was the market mood on budget 2023
The domestic stock markets saw a lot of fluctuations on Wednesday, the day of the budget of FY 2023-24 in Parliament. After the market went to the upper level, both major index closed with mixed trend due to dominance.
BSE’s 30 -share index Sensex closed at 59,708.08 points with a gain of 158.18 points, or 0.27 per cent. At the time of presenting the budget speech, the Sensex had jumped up to 1,223.54 points, but later it lost its lead due to selling. In contrast, the NSE index Nifty recorded a decline of 45.85 points, or 0.26 per cent. The Nifty closed at the level of 17,616.30 points.
How was the market move on interim budget 2024 day
The Indian Equity Benchmarks closed on 1 February 2024 with a decline on the budget day. This was an interim budget because of the Lok Sabha election year. Therefore, there was no such announcement in it that could take the market forward immediately. The Sensex lost 107 points to close at 71,654 while the Nifty-50 index fell by 17 points to close at 21,709.
The market was closed in decline even on budget 2024
Budget 2024 was presented on 23 July. The benchmark Sensex, who was hurt by the increase in taxes on share trading, was closed flat at 80,429 with a 73 -point softening of 73 points. However, the Sensex slipped to 1500 points during trading. At the same time, the Nifty-50 index also climbed 30 points to close at 24,479 after recovering from 24,074 of the day.