How markets performed in the last five union budgets?
Upstox
2 min read • Updated: February 1, 2024, 11:07 AM
Summary
Markets trade higher ahead of the interim budget to be announced at 11 am today. But how markets performed in the last five union budgets? Let’s take a look
The Indian share market has given a mixed response to the Union Budget. Comparing the last six budgets, including the interim budget of 2019 markets have raised four times and closed in red on two occasions.
- 2019 interim union budget
In the interim budget of 2019, which was also an election year benchmark indices saw positive traction to close higher. Benchmark indices, Sensex climbed 212 points to 36,469.43. The Nifty 50 index advanced 62.7 points to 10,893.65. Meanwhile, market close
- 2019 full union budget
The follow-up full budget was not so good for the markets. The BSE Sensex crashed by 980 points during the day but recovered marginally to close with a loss of 394.67 points at 39,513.39. The NSE Nifty 50 dipped 135.60 points to conclude at 11,811.20.
- 2020 Union budget
The BSE Sensex crashed by 987.96 points to conclude at 39,735.53. The NSE Nifty 50 dropped 300.25 points to close at 11661.85.
- 2021 Union Budget
Sensex surged 2314.84 points to close at 48,600.61. The NSE Nifty 50 jumped 646.60 points and finished at 14,281.20.
- 2022 Union Budget
Sensex surged 849.40 points to 58,862.57, and the NSE Nifty was up by 237 points to 17,576.85.
- 2023 Union Budget
The market remained extremely volatile with BSE Sensex skyrocketing over 1100 pts in intraday trade. However, it managed to settle mildly at closing. The BSE Sensex rose 158.18 pts to close at 59,708.08, and the Nifty 50 fell 45.85 pts to 17,616.30.