In the past, the announcement of the Indian budget has had either positive or negative repercussions on Indian Stock market.
Similarly on 10 July, the BSE Sensex opened 68.94 points higher at 25513.74 points, and the NSE Nifty recorded 7589.50 points with an increase of 4.5 points when Finance Minister Arun Jaitley presented Union Budget.
Other budgets too have had an impact on Indian stocks. The table below represents the history of Indian budget from 2006, which had a direct impact on the value of Indian stock indices on that particular day:
|
Year
|
Date |
(Union Budget)
|
Sensex Closing |
Nifty Closing |
|
2006 Feb. |
|
|
|
|
|
28
|
P. Chidambaram |
10,370 (+88) |
3,075 (+7) |
|
|
2007 Feb. |
28 |
P. Chidambaram |
12,938 (-540) |
3,745 (-149) |
|
2008 Feb. |
29 |
P. Chidambaram |
17,579 (-246) |
5,224 (-62) |
|
2009 July |
6 |
P.Mukherjee |
14,043 (-869) |
4,166 (-258) |
|
2010 Feb. |
26 |
P. Mukherjee |
16,438 (+184) |
4,922.30 (+62.55) |
|
2011 Feb. |
28 |
P. Mukherjee |
17,823.4 (+122.49) |
5,333.25 (+29.57) |
|
2012 Mar. |
16 |
P. Mukherjee |
17,466.2 (-209.65) |
5317.90 (-62.6) |
|
2013 Feb. |
28 |
P. Chidambaram |
18,861.5 (-290) |
5693.05 (-103.85) |
