Past trends have shown that in the last six of the previous 10 budgets, bullish trends were dominant during the month ahead of the budget presentation, reports said.
The BSE Sensex corrected sharply by 7.5 percent in 2016 in the one-month run-up to the budget that year, reports citing markets data said.
In 2013, the benchmark had fallen 6.2 per cent, while in 2012, it had slid by 3.8 per cent.
In 2020 also, it had fell by 3.8 per cent. In 2014, the benchmark was down 0.8 per cent and 0.7 per cent in 2015.
However the BSE Sensex did well in in the month prior to the union budget on 2017 and 2018, gaining 5.7 per cent and 6.2 per cent, as per data.
Similarly, the benchmark rose 1.5 per cent in 2021 and 0.6 per cent in 2019.
With the Union Budget for 2023-24 just days away, there are chances that there could be volatility in the BSE benchmark, due to expectations of US Federal Reserve hiking rates.
Also with the geopolitical situation still fluid due to the ongoing Russia-Ukraine war, the markets in the run-up to the budget may show bullish trends
What is to be noted is the fact that in 2022, the BSE benchmark surged 4.4 per cent.
In this scenario, it needs to be seen how the overall trend remains during this month.
--IANS
ans/d
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app