Budget 2024: बजट के दिन कैसा रहेगा बाजार? देखिए पिछले 10 साल का इतिहास| GoodReturns

3 months ago

Share Market on Budget Day: मोदी सरकार के अब तक के कार्यकाल में 10 पूर्ण बजट आए हैं. उनमें से 5 बजट के मौके पर बाजार में तेजी देखी गई है, जबकि 5 मौके पर बाजार लुढ़का है

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Transcript

00:00The country's average budget is just a few hours away and Finance Minister Nirmala Siddharaman

00:10will present it in the Parliament on Tuesday, July 23.

00:14Before the budget is presented, there is a lot of confusion in the share market as usual.

00:19In this case, it would be too soon to say how the stock market will perform on the day of

00:23the budget.

00:24If we look at the history of the share market, it has risen 6 times in the past 10 years and

00:30has fallen 4 times.

00:31So, first we will start with today's market that how the market was just a day before

00:36the budget and then we will talk about the rest.

00:40If we talk about the closing bell today, then BSE Sensex fell by 102.57 points i.e. 0.13

00:46percent and Nifty 50 fell by 21.65 points i.e. 0.62 percent and Nifty 50 fell by 24,509.25

00:58points.

00:59So, if we look at today, then the market has been falling for the last 4-5 days before the

01:05budget.

01:06Now, if we look at a little history, then see the first important thing is that Nirmala

01:10Siddharaman will have this continuous seventh budget and with the presentation of it, that

01:14will break the record of Finance Minister Murarju Desai, who had presented the budget

01:186 times in a row during his tenure.

01:20In the last one decade, the trend of the share market has been changing on Budget Day.

01:25Sensex has jumped 6 times, while it has broken 4 times.

01:29In the meantime, let me tell you that in 2021, the share market rose by 5% the most, while

01:35before that, in 2020, it fell by 2.43%, which was the biggest drop on the day of its budget.

01:42If we talk about last year, then in 2023, the American short-seller company Hindenburg

01:47had an impact on the share market, and the report of Hindenburg about Gautam Adani had

01:53an impact on the share market on the day of the budget.

01:57However, on February 1, 2023, BSE Sensex reached the level of 60,773 with a jump of 223 points.

02:05But in the last, it fell by 158 with a drop of 69,708, while NSE Nifty slipped by 46 and

02:15closed at 17,616.30.

02:19That is, if we look at last year, then last year also saw a drop in the share market.

02:24Before that, in 2022, the share market had taken a big leap on the day of the budget,

02:28and during the BSE Sensex business, it jumped more than 1000 points.

02:32However, when the market closed, it climbed 448 points and closed at the level of 58,862,

02:39while NSE Nifty closed at the level of 17,573 with a jump of 237.

02:45Similarly, if we talk about 2021, then it proved to be better for the share market on the day of the budget,

02:51and with a sharp increase of 5% with Sensex, it closed at 48,600, while Nifty closed at 14,281 with a jump of 647.

03:01Now let's talk about a few more years before that.

03:04In 2020, Sensex broke 988 points and Nifty 300 points.

03:09In 2019, Sensex climbed 212 points and Nifty jumped 62.7 points.

03:17In 2018, Sensex broke 849 points and Nifty slipped 256 points.

03:24Similarly, in 2017, Sensex climbed 486 points and Nifty jumped 155 points.

03:30In 2016, Sensex broke 152 points and Nifty slipped 42.7 points.

03:37Apart from this, if we talk about the common budget presented by Finance Minister Arun Jaitley in 2015,

03:43then on the day of the Benchmark Index Sensex budget, it increased by 0.48% and closed at 29,361 points.

03:50Nifty also closed sharply.

03:52Prior to this, when the budget was presented in 2014,

03:56BSE Sensex closed with a drop of 800 points.

04:00If we talk about the current situation, then before the budget presented on 23 July 2024,

04:05there is a lot of confusion in the share market.

04:08And on Friday, Sensex closed with a sharp drop of 738.81 points and Nifty slipped 279 points and closed.

04:17Even today, there is a drop.

04:19And we are seeing that in the last few years, there has been a drop in the share market just before the budget.

04:24That is, the budget of the last four years has not been in line with the expectations of the market.

04:28And even this time, before the budget, the market is looking a little sad,

04:32which seems that the market does not have much hope.

04:35However, experts have different opinions on this matter.

04:38For example, if we talk about a report by Jeffries,

04:41then the global head of Jeffries' equity strategy, Chris Wood,

04:44he said that it turns out that if something related to the market is improved in the budget,

04:49then it can look great.

04:51Chris Wood is advocating to completely end the capital gain tax in India.

04:56He has said that if this is done, then he will get to see a historic rally in the market.

05:02At the same time, he has also warned about the market that if the government increases the capital gain tax,

05:07then there can be a heavy bickering in the share market.

05:10He says that there is little doubt that the government will increase the capital gain tax,

05:14but if it does, then there will be the same confusion in the market

05:18as it was seen on the day of the election results last month.

05:22So this time, what strategies does the government adopt for the share market,

05:26what announcements does it make, the market will completely depend on this.

05:30But if we look at the history, we have seen a decline in the market in the past 4 years.

05:35What will happen this time, we will find out tomorrow,

05:38how the market will open and close.

05:41What are your expectations from the budget?

05:43How much do you support the capital gain tax?

05:46Do let us know by commenting.

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05:50If you are watching on YouTube, then don't forget to subscribe to Goodreturns' YouTube channel.

Budget 2024: बजट के दिन कैसा रहेगा बाजार? देखिए पिछले 10 साल का इतिहास| GoodReturns

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