homephotos Newsmarket NewsHere is how Sensex performed on Budget Day in the past 10 years

Here is how Sensex performed on Budget Day in the past 10 years

SUMMARY

Budget day has been a mixed bag for the Indian market in the past 10 years. The BSE Sensex has given positive returns of 0.48 to 1.76 percent in five years while slumping 0.16 to 1.52 percent in the remaining five years. Here is how the market fared in the last 10 Budget days. (Text: Moneycontrol.com)

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By CNBC-TV18 Feb 1, 2020 6:36:56 AM IST (Updated)

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In Calendar year 2010, the Union Budget was presented by then finance minister Pranab Mukherjee. The Sensex gave a positive return of 1.08 percent on the Budget day (February 26). The Fiscal deficit stood at 5.5 percent.

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Mukherjee also presented Budget in Calendar year 2011. Sensex ended with a gain of 0.69 percent.

Mumbai: People react as they watch the rate of the Indian rupee against US dollar at a display board on the facade of Bombay Stock Exchange in Mumbai on Thursday, Aug 30, 2018. The rupee weakened to 70.84 against US Dollar on Thursday. (PTI Photo/Mitesh Bhuvad) (PTI8_30_2018_000158B)
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Mukherjee's last Budget under the UPA government came in the Calendar year 2012. Sensex ended 1.19 percent lower on that day.

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In 2014, P Chidambaram presented the Union Budget on February 28. The Sensex plunged 1.52 percent.

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Chidambaram presented Union Budget in 2014 on February 17. The Sensex closed 0.28 percent lower and registered the third consecutive Budget day loss.

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In 2015, Finance Minister Arun Jaitley presented Union Budget  after PM Narendra Modi-led NDA government came to power. The Sensex ended higher by 0.48 percent.

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In 2016, Union Budget was presented before the parliament on February 29 by Jaitley. The Sensex lost 0.66 percent.

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In 2017, Jaitley presented Budget on February 1. Sensex gained 1.76 percent, the highest Budget day gain between 2010 and 2019.

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In 2018, Jaitley presented his last Budget as finance minister of India. The Sensex was ended marginally lower (0.16 percent) that day.

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Union Budget for 2019 was presented by acting Finance Minister Piyush Goyal on February 1, 2019. The Sensex rose 0.59 percent on the Budget day.

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