Will the Budget 2019 be the favorite day of the Indian Stock Market ?
The Budget to be held tomorrow (1st February, 2019) may not an Annual budget, it would be interim budget. The Government’s Budget in a country is gaining importance among the people, not only for the Financial Markets. There are lot of interests and expectations about the budget that if any other concessions, policies and other financial aspects by each of us.
The Budget for a country will be similar, like the budget we are making in our family. So, we cannot just let this be the budget for the Government, It’s everyone’s Financial Budget. This system will be beneficial for us to see how the current government has budgeted its Income and expenses in the past and for the upcoming days.
Two decades ago, usually the budget file will be published in the evening of the day. But over the past periods, it was changed to announce in the first week of February and in the morning time. So, it will help us to find a country’s cash flow, Fiscal Deficit and other aspects of the economy.
Every time when the budget announced, it was reflected in the Stock Market too. And this time, it will be revealed on the same Budget day. Since, the Stock Market in India is already in downturn, the decision to invest in stocks after the budget announcement is a good idea accordingly. However the interim budget may not be as much as the annual budget. Depending on the upcoming election and a strong government regime, the movement of the Stock market can be made.
Commonly anticipated budget implications are likely to be in this budget – Income Tax Slabs, Subsequent electoral movements, Rural Development, Relief measures for the Farmers, Policy changes on Small and Medium Scale business and fiscal deficit.
This is the last budget of this current government. Today the Indian stock market surges in the Expiry date of this month January 2019. The Heavy weight stocks are gone up, Nifty50 Closed with 179 Points up and the BSE Sensex gained 665 points today.
The Indian Stock Market fallen down 6 out of 10 years, since 2009. What will happen this time, can you guess it ?
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