There is a rally in the stock market before the budget comes.
There is excitement in the stock market ahead of the budget announcement. Sensex witnessed a surge of over 200%. At the same time, a 60-point surge is also seen in Nifty. Investors in the stock market are hopeful that there will be a surge in capital expenditure. Due to which there is a surge in railways and infrastructure stocks. A day earlier, on Tuesday, the stock market had seen a fall of over 100 points. Shares of the country’s largest company, Reliance Industries, fell by three and a half percent. However, if we look at the data for the last ten years, in the last 11 budgets, Sensex and Nifty have closed with a 7-fold drop. Let us see what kind of numbers are seen in Sensex and Nifty ahead of the budget announcement.
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