Will Union Budget 2023 Boost Capital Markets? Check How Nifty Has Performed Previously
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Budget 2023, Stock Market, Sensex The Finance Minister of India will present the Union Budget for FY23-24 on 1st Feb 2023, the last full-year Budget before the Union Election 2024 The Finance Minister of India will present the Union Budget for FY23-24 on 1st Feb 2023, the last full-year Budget before the Union Election 2024. With the government undertaking most of the reforms outside the Union Budget purview, its impact on the equity market has reduced over the past few years. Nonetheless, the market participants continue to view it as a critical catalyst that stimulates the growth of the Indian economy and, thereby, the Indian market. What Do Historical Trends Say? In the last 8 budget sessions of the current government, Nifty closed positively on 5 occasions on the budget day while closing on a negative note for the remaining 3. This time, the Union budget has gained utmost importance as the tightening monetary policy and elevated inflation have challenged the purchasi...