Stock market investors closely watch for the Union Budget and are usually the first to react to the finance minister’s announcements. We take a look at how the benchmark 30-stock Sensex moved a fortnight before and after the D-Day since 2010.
The markets saw a decisive movement in the last two years compared to the level on the day of the budget with the Sensex either falling or rising during the fortnight under the review. In the previous three years, the markets gave up all gains or losses by the end of the review period. In the last leap year budget in 2012, the Sensex eroded its gains in the fortnight after the presentation.