Signs of ups and downs in the stock market today: Ups and downs based on the budget, what was the trend of the stock market during the last ten budgets?

Stock Market Today

The stock market today is usually closed on Saturdays, but on Saturday, February 1, the stock market today will remain open as the central government’s budget is to be presented. There is a direct connection between the central budget and the stock market. When the budget is presented, the trend in the stock market is seen changing from 11 am. In fact, even before the budget is presented, there is a lot of turmoil in the stock market. But if we look at the history of the stock market on the budget day, in the last 10 years, the stock market has gone up 5 times and fallen 5 times.

This will be the third Saturday in a decade when the stock market will open.

Whenever there is a budget, the stock market today is in alert mode. It has happened twice before that the budget was on a Saturday and the stock market was open on that day. This time it is going to happen for the third time. Earlier on February 1, 2020 and February 28, 2015, it happened that the budget was on a Saturday and the stock market was open then. Indian stock exchanges are closed on weekends. But this time a special session is going to continue. There will be a full trading session in NSE and BSE. The settlement of the trading of January 31 (Friday) will be done on February 3, Monday.

• Equity Market 9:15 AM to 3:30 PM

• Commodity Derivatives Market today till 5 pm

• Pre-market trading: 9 am to 9:08 am

The stock market has been going through similar ups and downs in the last 10 years.

This is Nirmala Sitharaman’s eighth budget as Finance Minister in the government led by Prime Minister Narendra Modi. In the last decade, the stock market trend has been changing on Budget Day. The Sensex has seen a strong rise five times, while the stock market has fallen five times. In 2021, the stock market increased by a maximum of 5 percent, while before this, it fell by 2.43 percent in 2020. Which was its biggest decline on Budget Day.

This was the situation last year in 2024.

If we look at the stock market today on Budget Day last year, the Sensex and Nifty suddenly crashed as soon as the Finance Minister mentioned capital gains tax in his speech while presenting the interim budget on 23 July 2024. The BSE Sensex fell by 1200 points, while the NSE Nifty-50 index fell by more than 400 points. However, by the time the market closed, there was a strong recovery, but both the indices closed in the red.

What happened in the 2023 budget?

Talking about the stock market today situation on Budget Day 2023, on February 1, 2023, the BSE Sensex rose by 1223 points to reach 60,773, but eventually lost its initial gains and closed at 59,708 with a gain of only 158 points. While the NSE Nifty fell by 46 points to close at 17,616.30.

There was a huge boom during the budget in 2021-22.

The stock market today had a huge rally on Budget Day in early 2022. And the BSE Sensex had jumped more than 1000 points during trading, although when the market closed, it closed at 58,862 with an increase of 848 points. At that time, the NSE Nifty closed at 17,577 with an increase of 237 points. Talking about 2021, this year proved to be excellent for the stock market on Budget Day. The Sensex closed at 48,600 with an increase of 2300 points, or 5 percent, while the Nifty closed at 14,281 with an increase of 647 points.

Huge ups and downs during budget week

Talking about the present, the Sensex-Nifty has been witnessing tremendous ups and downs since a week before the budget. On the first trading day of the week, the Sensex and Nifty crashed badly, but on the second trading day of the week, both the indices were seen rising. However, it is difficult to say in which direction the stock market will go on the budget day.